Reserve Bank governor Philip Lowe has given the strongest indication yet that buy now, pay later providers will be able to continue to insist merchants do not pass their costs on to customers, at least in the medium-term. Dr Lowe said the stance was in recognition of the innovation the […]
One in five Australians are looking to buy a property in the next 12 months, a new Finder survey shows. It comes as confidence returns to the market with the big banks expecting prices to stabilise and even grow into next year due to growing demand. While interest rates remain […]
ANZ Bank is the first Australian bank to move after the RBA announced it had cut the official cash rate by 25 basis points. Westpac cut by 0.20%, while NAB and the Commonwealth Bank both cut by 0.19%. ANZ and NAB customers will enjoy the reduction as of 12 July, […]
The Reserve Bank released its latest annual report yesterday. It showed that at June 30, 2016, the bank’s balance sheet rose to $167 billion, up $10 billion on a year earlier. The RBA’s activities and “operations in financial markets conducted to pursue its monetary policy objectives and support an efficient […]
Language will be closely examined.
Economic growth strengthening.
Stronger balance sheet.
Could be the first sign of China's recovery.
You have been warned.
A tale of two economies.
From the guys and girls of Westpac’s Fixed Income Strategy team comes the view that the markets recent move to price Reserve Bank rate hikes over the next year into the market is too soon. Chart 5 shows that implied terminal rate and its spread to the prevailing cash rate […]
Cushioning the blow.
Sparks little movement in the AUD.
[credit source=”RBA”] RBA deputy governor Philip Lowe was chipper today in a speech to the Australian Industry Group’s annual economics forum.