We are Australia's central bank. We conduct monetary policy, work to maintain a strong financial system and issue the nation's currency.
Here, the Reserve Bank of India reduced its policy rate by 25 basis points but despite the reduction in the policy rate, yield had continued to remain high because of the large government borrowing program. As a result, transmission to bank lending rates, namely the credit market, was very ...
Although it is an important indicator, the federal funds rate is an interest rate for a very short-term (overnight) loan. This rate does have some influence over a bank's so-called cost of funds, and changes in this cost of funds can translate into higher (or lower) interest rates on...
This move will free up about CNY 1 trillion in new lending, with the central bank leaving room for another cut this year. Additionally, the PBoC trimmed the 7-day reverse repo rate by 20bps to 1.5%. This rate is used to determine the nation's key lending rates. It also stated ...
The Bank Protection Act (BPA) of 1968 mandates minimum-security measures for protection against robbery, burglary, and larceny, primarily. These measures include a method of identifying suspects; CCTV systems are typically applied for this requirement. Other security measures are devices (e.g., a ...
(1) The Audit Committee additionally oversees the internal audit function; external auditor independence, activities, and performance; and the disclosure framework for financial, regulatory and risk reports prepared for the Board, management, and bank regulatory agencies; and assists the Board in its...
“Since the Federal Reserve Bank’s creation in 1913 the dollar has lost more than 96% of its value,” Ron Paul continued,“and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erode the value of the dollar.” The bill, although it rem...
35K Foreign trade is one key indicator of economic health. Read about the four main foreign trade components of the current account, learn how to measure and calculate the current account, and understand explore currency exchange rates and their im...
Ex-president says he would let Jay Powell finish term at central bank if he was ‘doing the right thing’ Donald Trump has warned Jay Powell not to cut US interest rates before November’s presidential vote, but said if elected he would let the Federal Reserve chair serve out his term if...
According to Citibank, it is low oil prices that are the primary driver behind this growing problem. “There is no circumventing this relationship between reserves and earnings, so we believe that analyzing reserve trends is an extremely important indicator of a company’s health.” https://...