Just now on Tuesday (October 6th), the RBA resolution released on the Asian market showed that if the market expected to maintain the 2% interest rate unchanged, the RBA said that inflation would meet the expected target in the next one to two years. After the announcement of the resolution...
So, on the first Tuesday of each month – except January, of course, because Aussies do little in January – the board members meet together to discuss monetary policy. The outcome of that meeting is the announcement of a target cash rate, which is the interest rate that banks end up pa...
TRADERS BUY AUSSIE CALLS AS RBA DECISION BOOSTS SPOT.Reports that United States securities traders begun buying Australian stocks following Reserve Bank of Australia's announcement that it will not raise interest rates.EBSCO_bspDerivatives Week
How do interest rates impact currencies? Higher interest rates generally help strengthen a country’s currency as they make it a more attractive place for global investors to park their money. How do interest rates influence the price of Gold? Higher interest rates overall weigh on the price of...
It can take many different forms such as an announcement, a quick meeting, blog, e-mail, poster at the employee entrances, and a notice in a break room on a bulletin board or a presentation. Conformance: Rating assignment used when the Audit team determines that a facility is in ...
FOMC announcement (Wed): The FOMC is expected to lift rates by a 50bps increment, taking the Federal Funds Rate target to 0.75-1.00%. Its March statement laid the groundwork for such a move (“anticipates that ongoing increases in the target range will be appropriate” – a line which...
The stock sagged on Tuesday following the bulk grains handler’s post-trade announcement on Monday that LTAP had withdrawn the non-binding $10.42 per share offer it made in December 2018. “Had due diligence supported our operational assumptions, we are confident we would have turned the LTAP...
Other Income (Expense):Other income for the second quarter of 2023 was $17.6 million compared to other expense of $(8.5) million for the same period in 2022. The increase was primarily due to higher interest income related to higher interest rates along with an overall higher investment balanc...