COVID-19 remained the big story of the last quarter. Tragically, by the end of September the pandemic had caused over one million deaths. That was up by 500,000 since the end of the previous quarter, and many countries were experiencing devastating ‘second waves’. While most of Australia managed to keep case numbers of coronavirus at […]
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds, and the parameters for the expanded Term Funding Facility. The global economy is gradually recovering after a severe contraction due to the pandemic. However, the recovery is uneven […]
It’s hard to imagine taking out a home loan with an interest rate of 17% per annum or higher, yet that was the reality for homebuyers in the late 1980s and early 1990s. And back then it would have been just as hard to imagine home loan interest rates of less than 3% p.a. The […]
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there has […]
EQUITY MARKETS UPDATE – 15 May 2020 As we sit here today, the Australian and State governments have announced various easings of some restrictions as part of a measured start to reopen the economy. While this is a welcome move, it’s also one that must happen gradually in order to reduce the size of any […]
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points. The global economy is experiencing a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and a sharp […]
You, or someone you know, may have had a change in circumstances and may need support. We have put together some information to help you navigate these uncertain times and to answer some frequently asked questions. Q: What is JobKeeper? The JobKeeper payment is a $1,500 (gross) fortnightly payment per eligible employee of a business. […]
At its meeting today, the Board reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020. The coronavirus remains first and foremost a very major public health issue, but it is also […]
EQUITY MARKETS UPDATE – 26 March 2020 The COVID-19 crisis has caused a massive supply/demand shock to the global economy. We are yet to see the end point, and already, markets are off some 30 – 50% thus far. Outside of the historical and intellectual buzz of witnessing history (some of it 200 hundred years […]
RBA Monetary Policy Announcement – 19 March 2020 The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system. As the virus has spread, countries have restricted the movement of people across borders and have implemented social distancing measures, including […]