Podcasts about reserve bank

"Crypto markets have proven repeatedly to be 'liquidity reservoirs,' whose role is to soak up liquidity from the economy and traditional markets when there is too much money sloshing around and release it when there is not enough. When there isn't enough liquidity to go round the crypto market crashes. So, the crypto blowups are just a lagged response of the aggressive liquidity drain imposed by central banks for a year now. It's an effect, not a cause. The U.S. Federal Reserve appeared to signal an intention to slow the pace of rate hikes to from 75 basis points to 50 bps in December. Norway's central bank has stepped down from 50 bps to 25 bps as did the Reserve Bank of Australia. The Bank of Canada surprised by hiking at a smaller rate of 50 bps rather than the expected 75 bps. And the central bank of one of the largest emerging market economies, Brazil, and the central bank for the largest emerging market economy in Europe, Poland, both left rates unchanged. Also, signs suggest that China's authorities are making preparations for reopening. In reaction, the MSCI China Index of Chinese stocks is up 21% so far in November, that compares to just 2% for the S&P 500. This surge has propelled outperformance by emerging market stocks," says Jeffrey Kleintop.

The Prime Minister is overseas, so our Deputy Prime Minister Grant Robertson has a chat about the Black Ferns' win, the reappointment of Adrian Orr as governor of the Reserve Bank, and the Prime Minister's trip to the East Asia Summit and Apec. Whakarongo mai nei!   

Neale and Brigitte join Kathryn to talk about the Prime Minister's criticism of big bank profits as interest rates march upwards, reappointment of Reserve Bank governor Adrian Orr and the Commerce Commission decision to monitor oil company margins. And the select committee hearing the Three Waters legislation reports back on Friday - will the government stay full steam ahead?

The Reserve Bank has given itself a glowing review in it's annual assessment, but some commentators say some deeper issues are missing from the report. In a briefing yesterday, Te Pūtea Matua - the Reserve Bank - said its actions have protected the country from economic catastrophe. Others say it's failed to acknowledge other harm done, and say the reappointment of Governor Adrian Orr is confirmation that the bank has burned through it's right to remain apolitical. Business journalist Bernard Hickey spoke to Corin Dann.  

The Reserve Bank may have avoided the 'worst-case' economic scenarios but admits it could have acted faster to fight inflation. The central bank has compiled a report card on its performance over the past five years, as it fights 30-year high inflation rates. Our political reporter Anneke Smith has more.

It's time now for our Friday political panel in which we dissect, discuss and analyse the political stories of the week. Political editor Jane Patterson, and Newhub political editor Jenna Lynch spoke to Corin Dann.

News from the business sector A review of the Reserve Bank's monetary policy decisions over the past five years indicates inflation would not be as high now, if it had acted sooner. Global logistics business Mainfreight's first half profit is up two-thirds on the year earlier, with all three divisions and five regions contributing significantly. Diversified property developer, Goodman Property Trust, has delivered a strong underlying performance with surging demand for Auckland industrial property.

The National Party says it's shocked by the reappointment of Reserve Bank governor Adrian Orr for a second five year term. National had wanted an independent review of the Bank's performance before any decisions were made, and are unhappy with the process which has seen Mr Orr reappointed. The Bank's board has reviewed the performance of Mr Orr and the Bank in general, but National's finance spokesperson, Nicola Willis, says that review was akin to someone marking their own homework. National Party leader, Christopher Luxon, spoke to Corin Dann.

The Finance Minister, Grant Robertson, has reappointed Adrian Orr as the Reserve Bank's governor for another five year term - drawing the ire of the National Party. National's finance spokesperson, Nicola Willis, wrote to Mr Robertson two months ago saying the party wouldn't support his reappointment without an independent review of the Bank's performance. Some financial experts are displeased with the move, with one, Dr Arthur Grimes of Victoria University, declining an interview but saying of Adrian Orr's re-appointment "If at first you don't succeed, try, try, try again." International financial consultant Geof Mortlock, who was once a senior official at the Reserve Bank, has also been a critic of Mr Orr.  He spoke to Corin Dann.

Take the ABC News Daily survey: https://forms.office.com/r/pYCCV9rbra We've had seven months of successive interest rate rises as the Reserve Bank tries to slow out-of-control inflation.  But is it working yet, and when will the rate hikes stop? Today, the ABC's business editor, Ian Verrender on how there are finally signs consumers are spending less and why the RBA is playing mind games to keep it that way. Featured: Ian Verrender, ABC Business editor

Prime Minister Jacinda Ardern is calling banks' profits across the entire sector wrong, but she's being told to turn her words into action and launch an inquiry. National wants the decisions of the Reserve Bank investigated to find whether its monetary policy contributed to financial institutions recording bumper bottom lines. Westpac this week reported its annual earnings had climbed to just over $1b. We approached Westpac, the ANZ, Kiwibank and the New Zealand Bankers Association to speak to us this morning, all declined. Sam Stubbs, the managing director of Kiwisaver provider Simplicity, has long argued for an inquiry into bank profiteering. He spoke to Corin Dann.

Prime Minister Jacinda Ardern is calling banks' profits across the entire sector wrong,  but she's being told to turn her words into action and launch an inquiry. National wants the decisions of the Reserve Bank investigated to find whether its monetary policy contributed to financial institutions recording bumper bottom lines. Westpac this week reported its annual earnings had climbed to just over $1b. We approached Westpac, the ANZ, Kiwibank and the New Zealand Bankers Association to speak to us this morning, all declined. Sam Stubbs, the managing director of Kiwisaver provider Simplicity, has long argued for an inquiry into bank profiteering.  He spoke to Corin Dann.

Mortgage holders have been hit with a seventh consecutive interest rate rise. Businesses and households worry about the effects. The Reserve Bank is also revising the inflation peak for this year, warning there are likely to be many more increases to come.

Keep calm and carry on appears to be the advice for homeowners facing the nightmare scenario of negative equity. People who bought when house prices were skyrocketing but money was cheap are now most at risk from the combination of falling prices and rising interest rates. A Reserve Bank report out on Wednesday says about two percent of all home loan borrowers owe more than their houses are worth but that could hit 18 percent if prices fall by 20 percent. Krystal Gibbens reports.

Households and businesses are bracing for more pain on the horizon in the form of higher interest rates, as the central bank continues to wage war on inflation. The Reserve Bank has warned the cost of borrowing will continue to rise, as the cost of living continues to bite. Persisently low unemployment has been hailed as good news by the government. But there's a more pessimistic response from some economists who say that's putting more pressure on inflation. Here's our political editor, Jane Patterson.

Rising interest rates and falling house prices could push more home owners into negative equity. That's just one of the risks highlighted in the Reserve Bank's latest six-monthly financial stability report. The bank says while NZ's financial system is resiliant some business and home owners could feel the squeeze with persistent inflation pressure, and the increased cost of servicing debts. Right now about two percent of mortage holders are in negative equity. And depending on how far house prices continue to drop, that could rocket to just under 40 percent according to reserve bank estimates. Kiwibank chief economist Jarrod Kerr talks to Lisa Owen.  

People who own homes in flood zones might see their property values sink, according to the Reserve Bank. It has suggested banks could tighten their lending criteria in flood prone areas - finding in Auckland more than one in four houses with mortgages are in zones that could be affected by a 'severe' flooding event. Anei te kai ripoata a Katie Todd.

Banks are being urged to step up and support families and businesses coming under financial strain as the pressure comes on from rising interest rates. The plea comes from the Reserve Bank in a report outlining the challenges ahead in the fight against inflation, which also includes higher unemployment. The Bankers Association says anyone experiencing financial difficulty should make it a priority to contact their bank and discuss options. The Association's chief executive Roger Beaumont spoke to Corin Dann.

Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight against inflation. Falling house prices and rising interest rates will put homeowners under pressure, and increasing numbers may find the size of their loan is more than the value of their property. The unemployment rate is also being called unsustainably low. People may need extra help from their banks, which have been making huge profits. The Reserve Bank says it expects these businesses to help their customers through good times and bad. Reserve Bank Governor Adrian Orr spoke to Corin Dann.

Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight against inflation. National Party finance spokesperson Nicola Willis spoke to Māni Dunlop.

Banks are being urged to lend a helping hand to families and businesses struggling with rising interest rates. The plea comes from the Reserve Bank as it warns of tough times ahead in the fight against inflation. Falling house prices and rising interest rates will put homeowners under pressure, and increasing numbers may find the size of their loan is more than the value of their property. The unemployment rate is also being called unsustainably low. Infometrics senior economist and director Brad Olsen spoke to Māni Dunlop.

Banks are being urged to step up and support families and businesses coming under financial strain as the pressure comes on from rising interest rates. The plea comes from the Reserve Bank in a report outlining the challenges ahead in the fight against inflation which also includes higher unemployment. Political reporter Anneke Smith has more.

Unemployment has remained unchanged at 3.3 percent in the three months ended September. Average wages have risen strongly, growing 2.6 per cent in the three months ending on September 30. What does this mean in terms of potential for further aggressive rate rises by the Reserve Bank? Kathryn speaks to RNZ Business Editor Gyles Beckford.

First, Indian Express' Sohini Ghosh joins host Shashank Bhargava to talk about the Gujarat government's announcement to set up a committee for the implementation of Uniform Civil Code (UCC). She explains why experts say that this is not a legally sound idea, and why opposition parties in the state have criticised it.Next, Indian Express' Udit Misra tells us about the reasons why the Reserve Bank of India (RBI) has dropped the ball on controlling inflation this year (11:08). And in the end, Indian Express' Shruti Dhapola talks about how Elon Musk plans to change Twitter (20:16).

While the race that stops a nation will have the eyes of Australians everywhere today, another decision drawing just as much interest has been released.   In the Reserve Bank of Australia's (RBA) November release – which happens to coincide with Victoria's [...] CONTINUE READING The post RBA Cash Rate November 2022: Rate Hike Again But When Will It Stop? appeared first on The Property Couch.

Borrowers are bracing for more interest rate rises in coming months, as the Reserve Bank warns it'll do whatever is necessary to bring down inflation.

Borrowers are bracing for more interest rate rises in coming months, as the Reserve Bank warns it'll do whatever is necessary to bring down inflation.

The Reserve Bank is to meet this afternoon 1/11/2022 to make its decision on the November cash rate. It is expected to lift them again today by another 25 basis points as inflation continues to sit well above its target range The central bank has been lifting rates from record low levels since May, with the official cash rate now sitting at 2.6 percent.

Mortgage holders have been hit with a seventh consecutive interest rate rise. Businesses and households worry about the effects. The Reserve Bank is also revising the inflation peak for this year, warning there are likely to be many more increases to come

The Reserve Bank has continued to lift interest rates, but will it be enough to halt soaring inflation? SBS Finance Editor Ricardo Gonçalves speaks with Alex Joiner from IFM Investors to find out more, plus Jessica Amir from Saxo Markets for the reaction on the sharemarket. Also, property values slide for a sixth month, find out where and what next with Tim Lawless from CoreLogic.

A trifecta of global central banks are expected to meet this week to discuss lifting interest rates, but AMP Capital's Diana Mousina tells SBS Finance Editor Ricardo Gonçalves, Australia's Reserve Bank doesn't need to lift as much as the US or UK. Plus, Elio D'Amato from Daylight Financial on the day's market action.

Seven West Media has found a new partner in content-crime with a new partnership with US giant NBCUniversal - so welcome 7Bravo.   Meta, formerly known as Facebook, has announced some pretty crazy results with its revenue looking good.. and billions being poured into the metaverse... but no returns yet.   ANZ has announced a full year cash profit up 5% to over $6.5 billion thanks to the Reserve Bank and its rapid cash rate rises.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Annual inflation hit 7.3%, the highest since 1990, so does that mean the Reserve Bank will revert to larger interest rate rises? SBS Finance Editor Ricardo Gonçalves speaks with Jarden Group Chief Economist Carlos Cacho for more, plus Mike Jenneke from Credit Suisse explains how supermarkets are dealing with rising prices and goes through the market reaction to the budget.

Join Craig Hutchison and Damian Barrett for S7 Ep 38The Sounding Board is proudly supported by Drinkwise. If you're choosing to drink - choose to drinkwise. TIME CODES0.00 - How did Hutchy cope without a phone for 16 hours? 3.00 – The Ross Lyon appointment and how it played in the media.10.30 – The relationship between the News department and network talent.11.45 – Is the Ross Lyon the most contrived coaching appointment of the year? The pictures and footage seemed to be easily accessible.?? – The PR insert story – nice example by Ayrton Woolley19.00 – Hutchy made number 29 in the Media Week Power 100. You can read the full Power 100 List HERE.21.00 - #MiniDamo update.22.00 – Bureau of Meteorology re-brand. Don't call us the “BOM”. Smacks of being out of tune with society.25.30 – The Reserve Bank of Australia – 5 consecutive interest rate rises in a row even after saying there would be no rate rises a year or so ago.28.00 – The sponsorship dramas of Netball Australia's Diamonds – a week on.36.00 – Source Attribution – another great example.37. 00 – The Glass Jaw award. Nomination for PVO.39.00 – Herald Sun ‘We're for You” while promoting NSW races.41.00 – Question of the Week for Drinkwise from Brent Pierce via Twitter “After the India v Pakistan T20 on Sunday night – is the number one priority for the ICC to broker getting test matches and regular fixtures between these teams? How would you get the two parties together?”To send Hutchy and Damo a question jump on Twitter or Facebook or email thesoundingboard@sen.com.auThe Sounding Board is produced, engineered and edited by Jane Nield for SEN.

Lord Peter Hain, British politician & anti-apartheid fighter and Jason Borbora-Sheen, portfolio manager at Ninety-One dissect the UK's prime minister, Liz Truss' resignation and how the market received the news.      Lesetja Kganyago, governor at Reserve Bank on his recent IMF meetings — fighting inflation and the economy. Meanwhile, Eugen Du Toit, head of regulatory framework department at the FSCA on their reasons for declaring crypto assets as a financial product and how it will work in the country.       Warren Ingram, personal financial advisor and executive director at Galileo Capital explains four key factors to financial success in retirement.See omnystudio.com/listener for privacy information.

Economists say rising unemployment is the new pain set to hurt New Zealand's economy on the back of unexpectedly high inflation figures. Data for the September quarter shows prices rose by 7.2 percent in the last year - down from 7.3 percent in June - but higher than the Reserve Bank had expected. There are forecasts our central bank will now increase the official cash rate to as high as five percent next year. Council of Trade Unions economist Craig Renney and New Zealand Initiative chief economist Eric Crampton spoke to Corin Dann.

The latest inflation figures out today are expected to show a fall from the current 32 year high of 7.3 percent.  The former Reserve Bank Governor, Don Brash, was the banker who helped tame inflation during his 14 years at the helm, taking it down from roughly where it is today to under two or three percent.  He spoke to Corin Dann.  

On this episode of the Property Nerds, hosts Arjun and Leigh Paliwal sit down to discuss three major topics in the real estate industry.  To begin with, they touch on the Reserve Bank of Australia's latest cash rate increase, what the decision spells for future plans, and how it has impacted borrowers.  They then analyse the Australian Bureau of Statistics' latest lending indicators and why the figures “make sense” when sentiment, borrowing capacity and other market factors are considered. They then reveal their must-buy locations around the country and relay what buyers should look for in prospective purchasing areas. In this episode, you will also hear: How your borrowing capacity can end up working against you Detriments of data weighting Understanding the best, middle, and worst-case scenarios

In this episode, we discuss why the Reserve Bank increased the official cash rate from 3% to 3.5%. We go through what property investors need to know, and the impact on mortgage interest rates. We also cover when it's all going to stop and how high the OCR might lift to. We wrap up the show by mentioning the launch of our Wealth Plan book launch tour tickets. Click the link to buy your ticket.

FTX, one of the world's largest crypto exchanges, is expanding its partnership with Visa, one of the world's biggest financial services companies, to 40 more countries in addition to the U.S. FTX will offer customers a Visa debit card that will enable them to pay with cryptocurrency at Visa's 80 million affiliated merchants. The head of Visa's crypto division has called it "a big deal for the crypto industry." At the top of today's Real Vision Crypto Daily Briefing, Marco Olivera and Moritz Seibert talk about what expansion of the FTX-Visa tie-up means for mainstream crypto adoption. Also up for discussion: a big leak of Celsius Network data included in a court filing in the bankruptcy process, with hundreds of thousands of users affected; and the Reserve Bank of India's launch of an e-rupee. And David Siemer, the co-founder and CEO of digital asset manager Wave Financial, joins Marco and Moritz for a survey of the crypto VC landscape. Plus, we share a video dispatch from Real Vision Managing Editor Samuel Burke on the major themes and topics of discussion at the World Blockchain Summit in Dubai.

US equities finished lower in Wednesday trading, opening weaker after the big Monday-Tuesday rally and then firming through the afternoon, with the Dow Jones, S&P500, and the Nasdaq closing down 14 basis points, 20 basis points, and 25 basis points respectively. REITs and utilities came under pressure on the renewed rate backup. Energy stocks led on a good day for crude. Treasuries were weaker with some notable strength in the belly of the curve following the rate reprieve earlier this week. WTI crude settled up another 1.4%, and is now up more than 10% in the past three days following the big production-target cut by OPEC+. ISM services reading firmer than expected, ADP private payrolls increased 208K in September, largely in line with consensus, and the Reserve Bank of New Zealand raised rates by 50 basis points as expected.

The Reserve Bank of New Zealand hiked rates by 50BPS for the fifth straight time. "Currency markets are expecting central banks to remain aggressive considering the inflation risk. The Federal Reserve and the Reserve Bank of New Zealand do not care about a recession. Outside of Japan, the British Pound participated in yield curve control. This is not a good thing long-term," says Bob Iaccino.

US futures are indicating a lower open. European equity markets have opened lower, following higher Asian trade. Markets continue to digest the possibility of a central bank pivot as growth concerns and financial stability risk take on a renewed focus. The catalyst was yesterday's smaller-than-forecast Reserve Bank of Australia hike, but the Reserve Bank of New Zealand raised rates by 50-bps overnight, discussed a 75-bp move, and gave no sign of a pivot Companies mentioned: Amazon, Uber

La Reserve Bank martedì ha alzato il tasso d'interesse dello 0.25%, portando il tasso d'interesse ufficiale al 2.6%. Cosa ci sta dicendo la Banca Centrale con questo aumento? L'inflazione è ancora difficile da raffreddare? Lo spiega il docente di Finanza a UNSW di Canberra Massimiliano Tani.

US equities finished higher in Tuesday trading, adding to Monday's big rally which saw the S&P post its third-best start to an October since 1930. Treasuries were higher, though came off best levels. The upside momentum was helped by dovish surprise from the Reserve Bank of Australia, which raised rates by 25 basis points vs the 50 that had been expected. August JOLTS job openings posted one of the biggest drops on record, while the NY Times also discussed some signs that the labor market is loosening and wage growth is slowing.

The Reserve Bank of Australia raised rates by 25BPS to 2.6%. "Governor Philip Lowe hinted that they would opt for a smaller than expected rate hike. The Australian Dollar price spiked lower initially and then rose back up," says Joe Perry. The British Pound rose for the sixth straight session and is on pace to post the longest rally since April 2021. Also, the U.S. Dollar pulled back as stocks rallied to start the fourth quarter.

The Reserve Bank of Australia has gone six-in-a-row, raising the cash rate by 0.25% to 2.60% and it's getting a little too close to comfort for many home owners.   A 3 year-old company that sells water has just raised $70m USD and is now valued at over $700 million USD… for plain, old water.   Mobileye, which is Intel's tech company in the self-driving car space, has filed for an IPO - and this IPO is is expected to be this year's largest IPO so far.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

U.S. equities rallied for a second day amid a host of events and data, including a smaller-than-expected rate hike from the Reserve Bank of Australia (RBA). 

Welcome to episode 496 of the Trading Justice podcast. Mark and Matt break down what has been a very interesting start to the trading week. Risk assets are soaring to start the week after rampant speculation of a Fed pause which only gained more steam after a dovish surprise out of the Reserve Bank of Australia. Bear market rally or something more? The Justice brothers analyze this storyline that is the center of the investing world to start the week. Mark also asks Matt on his thoughts on OPEC, upcoming earning season and how to view V-shaped rallies. Come listen to anther dynamic edition of the Trading Justice podcast!

US futures are indicating a higher open. European equity markets have opened higher, following higher Asian trade. Overseas markets followed on from the strong US session on Monday, with most indices posting strong gains for the day. Australian markets were also buoyed by the Reserve Bank of Australia raising interest rates by 25bp, lower than the expected 50bp. There were also reports of North Korea firing a missile towards northeastern Japan, but even that could not dampen investor sentiment. Companies mentioned: Twitter, Naver, Poshmark, SciPlay, Light & Wonder