Statement by Glenn Stevens, Governor: Monetary Policy Decision
Media Release Number 2014-18 Date 7 October 2014 At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Growth in the global economy is continuing at a moderate pace. China's growth has generally been in line with policymakers' ... Read more
The 8 biggest myths about rich people
September 30, 2014, 12:49 pm US News & World Report Yahoo7 Finance Here are eight stereotypes about rich people and names you know who break the mold. When we see rich people, either in our daily lives or in the media, we have assumptions about them. The markers of wealth ... Read more
Beware of banks bearing hybrids by Alan Kohler (Business Spectator)
There has recently been quite a lot of interest in the market for bank hybrids. This is because the large retiree market in Australia has been in search of increasing yield given the diminishing return from cash and term deposits over the past few years. The recent structure of hybrids (past 2 to ... Read more
RBA Comments on No Rate Change —5th August 2014
The RBA has left rates unchanged today and here are the comments below for your perusal and interest: Media Release Number 2014-12 Date 5 August 2014 Embargo For Immediate Release Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the ... Read more
Government announces a ban on commissions in general advice –FPA
Friday 20 June 2014 Minister Mathias Cormann has today announced the Government’s response to the Senate Economics Legislation Committee report into the Bill to amend the FoFA laws. The Minister has confirmed the Government’s commitment to proceed with the amendments to FoFA, but has also ... Read more