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Showing 1 - 10 of 59 results for "Melbourne Cup"

Inflation rises 3% in August

ELIZA BAVIN | WEDNESDAY, 24 SEP 2025

... he said. "All up, today's result effectively kills any chance of a rate cut next week. But a cut in November - on Melbourne Cup day - is still a firm favourite assuming the September quarter CPI in late October confirms that annual trimmed mean inflation ...

Inflation hits highest level in over a year

ELIZA BAVIN | WEDNESDAY, 27 AUG 2025

... October," he said. "If annual trimmed mean inflation only holds steady at 2.7% in the September quarter report, a Melbourne Cup rate cut could be a long shot. My expectation that annual trimmed mean inflation will drop to 2.5% - or at worst 2.6% - however ...

RBA cuts rates, experts debate next moves

ELIZA BAVIN | WEDNESDAY, 13 AUG 2025

... coming months should eventually lift their animal spirits." Bassanese said he believes the next rate cut will come on Melbourne Cup Day in November, followed by further cuts in February and May 2026. Meanwhile, Schroders head of fixed income Kellie Wood ...

Government must revise infra pipeline: Chalmers

CASSANDRA BALDINI | MONDAY, 6 NOV 2023

... on building costs and other costs, we have seen big blowouts in the program." Elsewhere, ahead of tomorrow's Melbourne Cup rate decision, Chalmers said that the Reserve Bank of Australia (RBA) will independently make a choice off the back of data ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN | THURSDAY, 26 OCT 2023

... strategist Stephen Miller to label an upcoming interest rate adjustment by the Reserve Bank of Australia (RBA) on Melbourne Cup Day as near certain. Miller pointed out that the most recent RBA board meeting indicated a lower tolerance for a sluggish ...

CPI poses awkward optics for RBA: Economist

ANDREW MCKEAN | MONDAY, 31 OCT 2022

... inflation result, there remains a good case for the RBA to stick with only a 25-basis point interest rate increase on Melbourne Cup day." "By continuing to raise interest rates, even if by only 25 basis points each month, the RBA is still clearly displaying ...

Chief economist update: RBA does the limbo rock

BENJAMIN ONG | WEDNESDAY, 4 NOV 2020

... disappoint expectations, showing just how low it can go. The All Ordinaries index jumped by 1.9% following the RBA's Melbourne Cup Day board meeting on November 3, with big capitalisation stocks - Top 100 up by 1.9% -- and little ones - small caps ...

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG | TUESDAY, 5 NOV 2019

The race that stops the nation - the Melbourne Cup - is upon us. There'll be a lotta betting and hopin' and wishin' and prayin' for a chosen steed to make it past the finish line in first place. Cross Counter is the odds-on favourite ...

Chief economist update: Beam us up Scotty

BENJAMIN ONG | FRIDAY, 25 OCT 2019

An RBA rate cut won't happen on Melbourne Cup Day, 5 November. But it will happen - perhaps down to negative and up to the point where the Australian central bank is forced into quantitative easing and print Australian dollars. This is because latest ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG | MONDAY, 21 OCT 2019

... fiscal spending (but only after it's achieved having the Budget surplus immortalised on paper). Forget about a Melbourne Cup Day interest rate cut! The minutes of the Reserve Bank of Australia's (RBA) October 1 Board meeting first hinted on this ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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