RBA puts to rest rate rise chatter and washes hands of house price boom
By Maja Garaca Djurdjevic
10 March 2021
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1 minute read
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The Reserve Bank of Australia has put to rest chatter among investors that conditions for a higher cash rate could be met as early as next year and reaffirmed its position that its job does not involve targeting housing prices.
As the RBA announced its rate hold earlier this month, chatter among investors increased, with many predicting that given the property price boom, the bank could be forced to intervene earlier than planned.
Shane Oliver, chief economist at AMP Capital, tipped at the time that a rate hike could occur in the March quarter 2023.
Serious crash in Northland: one person confirmed dead
11 Mar, 2021 02:57 AM
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Police at the scene of a serious crash in Maungatūroto, Kaipara on Thursday afternoon. Photo / Tania Whyte
Northern Advocate
A person has died in a serious crash where a car rolled and came to rest down a bank in Maungatūroto, around 70km south of Whangārei, on Thursday afternoon.
St John dispatched two ambulances, a PRIME doctor, a Rapid Response Unit, and a Northland Rescue Helicopter to the scene of the crash on Bickerstaffe Rd in Maungatūroto around 3.15pm.
The crash occurred on Bickerstaffe Rd in Maungatūroto, Kaipara. Photo / Google Maps
Martyred cop laid to rest
National
March 11, 2021
LAKKI MARWAT: A policeman martyred in an attack was laid to rest on Wednesday with state honours at his ancestral graveyard in Malugul.
The police spokesperson Shahid Hameed said the martyred cop, Muhammad Mustafa, posted at the Dadiwala Police Station, was heading to his home in Yaseen Manjiwala at night when unidentified motorcyclists opened fire on him near the Kurram Bridge Toll Plaza on Indus Highway and he lost life instantly.
His funeral prayer was offered at the Police Lines. A large number of people, social figures and District Police Officer Imran Khan, Deputy Commissioner Abdul Haseeb, Pak Army officers, police officers, relatives of the martyr were in attendance.
On March 10, 2021, the U.S. Department of Labor (the "DOL") issued a statement that it intends to revisit its final rules issued late last year on "Financial Factors in Selecting Plan Investments".