Page 49 - Guy Debelle News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Property investors are back: NAB Save Share Loan applications from property investors have started to lift but market conditions are a long way from requiring any “macroprudential’ intervention, said National Australia Bank’s personal banking boss, Rachel Slade. NAB group executive for personal banking Rachel Slade: “We usually give them a haircut on rental income and gave them a bigger haircut through COVID, but we have relaxed that now.”   Arsineh Houspian “Some of the uncertainty is coming out of the investor mindset and they are more confident,” sh...

Australia joined the ranks of the capital exporters last year Australia turned into a net lender of capital last year, as the Reserve Bank provided banks with ample cheap funding at a time when consumers were squirrelling away savings. Share The combination of a surge in national savings and robust export earnings, at a time of anaemic consumer and investment spending meant that Australia became a capital exporter during the pandemic. As the Reserve Bank’s latest statement on monetary policy points out that “Australia was a net lender of capital in 2020, with capital outflows exceeding ca...

2021-05-07 02:06:39 GMT2021-05-07 10:06:39(Beijing Time) Xinhua English CANBERRA, May 7 (Xinhua) -- Australia's top union secretary has warned employers of a concerted push for pay rises if the recovering economy avoids more lockdowns in the wake of the coronavirus pandemic. Sally McManus, secretary of the Australian Council of Trade Unions (ACTU), recently declared that Australian workers have a "strong appetite for wage increases." She said employees accepted pay freezes in 2020 amid the pandemic but there would be "a lot of pent-up demand for wages increases come the end of the year...

Advertisement In 11 weeks, the world’s best athletes will – COVID-willing – gather in Tokyo for the Olympic Games. The Olympic motto is “citius, altius, fortius”, or faster, higher, stronger. That’s the same message contained in the Reserve Bank’s latest monetary policy statement but governor Philip Lowe is not aiming it at athletes competing in the high jump or decathlon. The Olympic motto is faster, higher, stronger - it’s one the Reserve Bank wants the federal government to adopt. Credit:Reuters He wants Treasurer Josh Frydenberg to use Tuesday’s federal budget to go even...

MacroBusiness Access Subscriber Only Content at 11:20 am on May 7, 2021 | 24 comments The Reserve Bank of Australia’s (RBA) deputy governor, Guy Debelle, gave a speech last night whereby he said the central bank is aware of concerns in the community regarding rising house prices. However, Debelle expressed the view that monetary policy is not one of the ‘tools’ that should be used to address the issue. He also noted that unemployment would be higher if the RBA prematurely increased interest rates in an attempt to curb rising house prices: One price that has received a lot of attention h...