Banks split on levy fightback —By John Durie, Senior Writer at the Australian
Westpac's chief financial officer Peter King (centre) meeting Treasury officials at the federal treasury offices in Sydney for a briefing on the bank tax announced in the federal budget on Tuesday evening. Hollie Adams/The Australian. The banks are split on how to handle the war with ... Read more
The 2017-18 Australian Budget – pragmatism and fairness rule by Dr Shane Oliver, AMP Capital’s Chief Economist
10 May 2017 Key points The 2017-18 Budget has a welcome focus on housing affordability and infrastructure. Subdued wages growth is keeping revenue collection down contributing to a slight deterioration in near term deficit projections (a deficit of $29.4bn for 2017-18) but a ... Read more
Scaling it Back —PIMCO Research
Click on the link below to read this article from PIMCO by Joachim Fels, MD and Andrew Balls, CIO of Fixed Income. Scaling it Back ... Read more
RBA Rate Decision —2nd May 2017
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision Number 2017-09 Date 2 May 2017 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. There has been a broad-based pick-up in the global economy since last year. Labour ... Read more
Harry Triguboff warns regulators that property bubble would be catastrophic —Business Spectator
by Robert Gottliebsen Australia’s largest apartment developer and owner, Harry Triguboff, has issued a bluntest possible warning to the banking regulators, ASIC and APRA. “If you keep directing the banks to lend less then there will be a property bubble burst of catastrophic ... Read more
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