The best time to convert your AUD to INR is when AUD is at its strongest i.e. you get the most INR for your funds. This way, your beneficiary in India can receive a higher INR amount. Similarly, if you wish to repatriate money back to your Australian bank account, then a time when...
cash rate. This is the Australian base rate. Banks pay this interest rate when they take out a loan with a maturity of 1 day from another bank. By buying or selling bonds and other securities issued by the government the RBA can influence the money supply and thus the cash rate target...
slows, higher interest rates should support margins at healthy levels for months. the reserve bank of australia on tuesday raised its main policy rate by a quarter-basis point to a decade high of 3.35%, and flagged further increases. macquarie group ltd on tuesday sai...
That means the economy is digesting the Reserve Bank’s rate hikes but has not yet felt the relief from them. Even though prices are not rising as quickly as at the end of last year, they are still moving up too fast. The National Accounts revealed that the prices of services are ...
The bank's net interest margin, a key measure of profitability, fell 13 basis points from last year to 1.57%. Its common equity tier 1 ratio, a measure of spare cash, slipped more than a percentage point to 12.2% as of the end of the financial year. Elliott sai...
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U.S. companies will need to increase their hedges against a stronger dollar in 2025, says Bank of America Jan. 9, 2025 at 7:44 a.m. ETby Jamie Chisholm A plunging pound with surging U.K. yields suggest the bond vigilantes are lurking ...
US Savings and Loan Participates in Cross-Currency Interest Rate Swap; Fixed-Rate Financing Involves Australian Bank, European Relief FundNEW YORK -- An American savings and loan took part in an interest rate swap with a twist last month, enabling it not only to gather fixed-rate funds but ...
Allen from the CBA said the bank expects the cash rate to continue to be lifted through to February 2023, bringing the cash rate to 1.60 percent. "Households have accrued a very high level of savings during COVID, the labor market remains tight and wages growth is accelerating. These factor...
The December quarter National Accounts show an economy slowing in line with the Reserve Bank’s expectations – with annual GDP growth at 1.5 per cent. This release does not give us reason to fear a significant deterioration in economic activity, as the conditions are in place for a better en...