ECONOMICS & MARKETS After the Bell: daily market update, July 21 21 Jul, 2020 Big day on the ASX, and a spate of government and central bank commentary was also delivered. Senior economist, Diana Mousina, shares her views on what it could all mean for the economy. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital …
The RBA’s progress report on the Australian economy At the Reserve Bank of Australia’s (RBA’s) meeting this week, there were no great surprises. The central bank left the cash rate on hold at 0.25% for the fourth month in a row, and no change is expected there at the moment. I don’t see the RBA moving into negative territory with rates, as there is no substantial evidence that approach would be effective. The RBA indicated …
ECONOMICS & MARKETS After the Bell: daily market update, July 7 07 Jul, 2020 Not a great day on the ASX, Victorian premier Dan Andrews has announced a new lockdown, and the central bank also met today. Our senior economist, Diana Mousina, talks us through the last 24 hours. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and …
AMP Bank has launched a range of technology enhancements to boost client experience, including digital pre-application, electronic signatures and digital identification verification. Original Author: Produced by AMP and published on 04/06/2020
Oliver’s Insights – Magic money tree – QE & money printing and their part in the coronavirus economic rescue Key points Central bank support to ensure the flow of money and credit through economies is an essential part of the global and Australian coronavirus economic rescue. This has increasingly involved quantitative easing which entails the printing of money. Higher inflation is an obvious risk from money printing, but it’s unlikely to become an issue until …
Key highlights from the RBA’s April board meeting Today the Reserve Bank of Australia (RBA) held its regular board meeting, albeit in extraordinary times for Australia and indeed the world. What we saw today from the RBA was no monetary policy changes, for the simple reason that less than three weeks ago, they made some radical changes in response to the COVID-19 pandemic. The RBA instead reaffirmed its recent actions – cutting the cash rate …
What the RBA’s response to COVID-19 means for the Australian economy The Reserve Bank of Australia (RBA) met today and agreed to a support package for the Australian economy, through the challenging period that is the COVID-19 outbreak. The central bank acknowledged this is, first and foremost, a health issue, and that the primary response is to manage the health of the population. As the RBA said, other arms of policy play an important …
The Reserve Bank board has cut interest rates again by 0.25% at their March meeting, their fourth such cut since June last year. The move comes largely in response to the uncertainty caused by the global outbreak of the coronavirus (Covid-19), and up until about last Friday I’d have said it was a close call as to whether the bank would cut or stay put. The run of soft domestic economic data over the past …
Reserve Bank economic snapshots Download PDF links:- Key Economic Indicators Composition of the Australian Economy Equity & Diversity Financial Stability RBA Annual Report Payments System Board Annual Report How Australians Pay – Consumer Payments Survey Source RBA Website
Plan more, worry less Want to make money worries a thing of the past? A new year can be a great time to take control of your finances and enjoy greater peace of mind, now and in the future. New year, more stress Thanks to the post-spending hangover many of us suffer after buying big for the festive season, the new year can start with an unhealthy dose of financial stress. According to a 2017 survey …
