Published on November 24, 2010 by Technology Slice
US Fed Lowers Economic Outlook – The US economy will grow only 2.4 per cent to 2.5 per cent this year, Fed officials said overnight in an updated forecast. That’s down sharply from a previous projection of three per cent to 3.5 per cent. Next year, the economy will expand by three per cent to [...]
Tags: Bank Presidents, Board Of Governors, Current Unemployment Rate, Economic Outlook, economy, Eight Months, Fed Officials, interest rates, Nov 2, Regional Bank, S Board, Stimulus, Tick, Treasury Bonds
Posted in Money
Published on November 19, 2010 by Technology Slice
More Interest Rate Rises On The Way For Australians – Australia’s strong recovery from the global economic downturn, fuelled by the mining boom, means the Reserve Bank of Australia (RBA) will have to continue to raise its official cash rate, the Organisation for Economic Cooperation and Development (OECD) says. The OECD also said the global [...]
Tags: Australian Economic Growth, australians, Bank Of Australia, Development Oecd, Economic Cooperation, Economic Downturn, Economic Outlook, Fiscal Consolidation, Global Recovery, Low Interest Rates, Monetary Conditions, Monetary Policies, Monetary Policy, Oecd Countries, Organisation For Economic Cooperation And Development, Outlook Report, Reserve Bank Of Australia, Reserve Bank Of Australia Rba, Target, Think Tank
Posted in Money
Published on February 16, 2010 by Technology Slice
The board of the Reserve Bank of Australia (RBA) was well aware financial markets were punting on another lift in the official interest rate this month, but decided to go against the grain because the economic outlook had improved. The decision on February 2 shocked the markets and economists, the overwhelming majority of which had [...]
Tags: australians, Bank Of Australia, Board Meeting, Economic Outlook, Economists, economy, February 2, Financial Markets, Gdp, Gross Domestic Product, Households, Inflation, Interest Rate, Market Participants, Monetary Policy, Overwhelming Majority, Quarterly Statement, Rate Hikes, Reserve Bank Of Australia, Reserve Bank Of Australia Rba
Posted in Money
Published on February 16, 2010 by Technology Slice
Westpac has delivered its latest earnings update, saying its December quarter performance shows clear signs of an improved banking environment. It says unaudited cash earnings for the quarter have come in at $1.6 billion, a 33 per cent rise since the same period a year earlier. The bank has attributed the improved earnings to a [...]
Tags: Asset Impairment, Asset Quality, Bad Debts, Cash Earnings, Chief Executive, Delinquencies, Economic Outlook, Impairment Charges, Market Share, Profits, Quarter Performance, Signs, Westpac
Posted in Money
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