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Showing 1 - 10 of 100+ results for "Reserve Bank"

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... stages of reviewing Westpac New Zealand (WNZL) as regulatory requirements in New Zealand became too stringent. The Reserve Bank of New Zealand (RBNZ) instructed Westpac New Zealand to hold additional liquid assets and commission independent reports into ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... each life some rain must fall". Australia's "jobs full" recovery brings with it that horrible thought that the Reserve Bank of Australia (RBA) and/or the federal government withdrawing their policy largesse. Que horror! Monetary and fiscal accommodation ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... near us ... and soon. The plot of the dots reveals that there are now more Federal Reserve Board members and Federal Reserve Bank presidents thinking that there would be a rate rise next year increased to seven at the June meeting (from four three months ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... Cabinet structure. Crucial in the paper's recommendations is that there should be a national housing strategy and the Reserve Bank of Australia should have formal accountability on maintaining a more stable and well-functioning housing market.

Chief economist update: How do you solve a problem like Australia's housing?

BENJAMIN ONG  |  WEDNESDAY, 16 JUN 2021
... house prices - with all the multiplier effect that goes with it - could also get the general economy undone. If the Reserve Bank of Australia and APRA huff and puff, they could blow the house down and the economy with it.

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
... Australia's financial regulators. The Council of Financial Regulators (CFR) consisting of APRA, ASIC, Treasury and the Reserve Bank of Australia (RBA) previously handed a report to government with recommendations to increase their powers to intervene ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... property investors are revving up purchases in anticipation of booms to come. With interest rates at record lows and the Reserve Bank of Australia (RBA) pledging that they will remain at current levels until 2024, those who can afford to borrow are borrowing ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered Rate ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... Except to reinforce its message that interest rates will remain at record lows "until 2024 at the earliest", the Reserve Bank of Australia's (RBA) June board meeting was largely a ho-hum affair. As expected, the RBA left monetary policy settings ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... suicide. Victoria's state government could even decide to loosen its budget spending. And then, there's the Reserve Bank of Australia (RBA). At its May Board meeting, it hinted that it could start tapering its bond purchases in July. This now ...
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