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Fierce competition led to the banks squeezing their loan rates further than funding costs dropped in the past year, RBA economists have reported. In a new analysis from the Reserve Bank of Australia ....
Australia's banks use $188 billion from the RBA to fund share buybacks smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.
Australia's banks got $188 billion in cheap loans from the RBA. Now they're funding share buybacks theconversation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theconversation.com Daily Mail and Mail on Sunday newspapers.
Banks rush TFF funding as deadline looms Banks rush TFF funding as deadline looms 10 June 2021 5:49AM Australian banks are making a late dash for billions in money from the Reserve Bank’s Term Funding Facility before the scheme closes at the end of the month. RBA assistant governor Christopher Kent revealed on Wednesday that banks had drawn A$145 billion from the TFF since the scheme was launched in April last year. Kent’s disclosure is significant because it indicates there was a flurry of funding activity over the last week as eligible banks finalised claims to their remaining allocations under the scheme. ....
analysis Why the Australian dollar is rising â and what that s got to do with your mortgage repayments WedWednesday 24 updated WedWednesday 24 FebFebruary 2021 at 10:37pm The Australian dollar is moving higher for several different reasons, but one of those reasons is also tied to how much you ll be paying on your monthly mortgage repayments. ( Share Print text only The Australian dollar is on the move, now hovering around 80 US cents. Over February alone it s gained roughly 5 cents against the US dollar. That s quite a move for any currency. The Australian dollar is increasing in value for several reasons, and one of those reasons is also tied to how much you ll be paying on your monthly mortgage repayments â potentially as soon as later this year. ....