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Interest rates

Deposit interest rates feel the squeeze

Sydney Morning Herald - ‎55 minutes ago‎
Westpac is the largest of a handful of financial institutions to cut interest rates on savings accounts since the start of this year, as banks try to resist a squeeze on their profit margins.
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Negative interest rates prove less than stimulating

The Australian (subscription) - ‎Feb 12, 2016‎
This week, Sweden cut its key interest rate further below zero to minus 0.5 per cent as inflation remained too weak. Japan's central bank shocked markets earlier this month when it too pushed rates negative, following in the footsteps of Europe ...

Negative interest rates are dangerous, says Fidelity's Amit Lodha

The Australian Financial Review - ‎Feb 11, 2016‎
"If we are going into a negative interest rate environment, it's telling corporates that money is for free," says Fidelity's Amit Lodha.
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Gold the beneficiary of negative interest rates

The Australian (subscription) - ‎Feb 11, 2016‎
The Bank of Japan last month joined a growing number of central banks, including the Swiss National Bank and the European Central Bank, when it introduced negative interest rates in an effort to spur consumer spending. Sweden's central bank said last ...
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Major central banks tear up interest rate plans as market turmoil forces them into reverse - ‎9 hours ago‎
G7 central banks are expected to cut interest rates - Highcharts Cloud Number of moves anticipated in 2016 G7 central banks are expected to cut interest rates Source: Danske Bank 2 0 0 6 Expected at the start of the year Expected now Hikes Cuts 0 2 4 6 8.
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CBA: The simple reason why negative interest rates aren't weakening the yen and euro

Business Insider Australia - ‎Feb 9, 2016‎
Despite the Bank of Japan adopting a negative interest rate policy and hints from the European Central Bank that it may cut interest rates even deeper into negative territory as soon as next month, it's done very little to weaken the yen and euro ...
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ASIC tells interest rate-rigging banks to plead guilty to BBSW fixing

ABC Online - ‎Feb 10, 2016‎
"Plead guilty". That was the blunt message from Australian Securities and Investments Commission chairman Greg Medcraft to banks involved in manipulating Australia's key benchmark interest rate, the Bank Bill Swap Rate (BBSW).
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PIMCO: Negative interest rates are the problem, not the solution

Business Insider Australia - ‎Feb 11, 2016‎
So here's the thing: banks are getting crunched by negative interest rates. Or as Izabella Kaminska at The Financial Times wrote Wednesday, banks now must prepare for an era of negative net interest margin.
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Sweden's negative interest rate experiment is a failure

Business Insider Australia - ‎Feb 8, 2016‎
Sweden's extreme negative interest rate policy has failed, serving only to inflate a housing bubble. The country's central bank, the Riksbank, has had an interest rate of -0.35 since the beginning of 2015 in an effort to boost inflation. That requires ...

Negative Interest Rates Mark New Tool for Central Bank

Voice of America - ‎Feb 12, 2016‎
Negative interest rates are the new tool in the central banks' collections of monetary policies. They are being tried out by central banks in Japan and Europe, and might come to the United States.

US Fed to press on raising interest rates despite global markets turmoil

ABC Online - ‎Feb 10, 2016‎
Despite extraordinary financial markets volatility, the world's biggest central bank says it's on course to keep raising interest rates. Federal Reserve chairwoman, Janet Yellen, told a congressional committee she expects continued US economic growth ...
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Will banks ignore the RBA and dance to their own interest rates tune in 2016?

Sydney Morning Herald - ‎Feb 1, 2016‎
Despite the decision to leave rates on hold, however, recent history has shown this is only part of the story for the interest rates that mortgage customers actually pay. And as the banks' funding costs start to creep up again, some analysts believe ...

Gilts plunge as interest rate rises recede

The Guardian - ‎Feb 11, 2016‎
It is certainly the case that low interest rates on gilts are in contrast to rising yields in some of the countries on the periphery of the eurozone, such as Greece and Portugal.
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Bank of Japan, negative interest rates and the risks of monetary alchemy

The Australian Financial Review - ‎Feb 1, 2016‎
Bank of Japan, negative interest rates and the risks of monetary alchemy. Share; Share via Email · Share on Google Plus · Post on facebook wall · Share on twitter · Post to Linkedin · Share on Reddit ...
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Negative US interest rates take banks through the looking glass

Financial Times - ‎Feb 11, 2016‎
A few days ago, I attended a financial conference with a large collection of some of the most powerful and savvy asset managers in America.

Why Low Interest Rates Aren't Low Enough to Save Stocks

Wall Street Journal - ‎Feb 11, 2016‎
Interest rates are low, but for many American companies they may not be nearly low enough. The pain in financial markets continued Thursday, with worries about banks' credit exposures and a fresh decline in oil prices helping send stocks around the ...
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Sweden cuts interest rate to record low

SBS - ‎Feb 11, 2016‎
Describing it as a "uniquely low interest rate," Riksbank Governor Stefan Ingves didn't want to speculate on future measures on Thursday but said that "unfortunately the world looks different to what it did in December," when the bank last discussed ...
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How inflation rate affects your home mortgage - ‎Feb 12, 2016‎
That's because the Reserve Bank of Australia, which sets the official interest rate, aims to keep inflation between two and three per cent to, it says, “encourage strong and sustainable growth in the economy”.
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ANZ Bank raises interest rates on business loans

Sydney Morning Herald - ‎Feb 4, 2016‎
ANZ Bank has followed National Australia Bank in raising interest rates for some of its business customers, also increasing rates on some lines of credit.
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Financial markets are 'dropping their bundle': Reserve Bank boss Glenn Stevens

Sydney Morning Herald - ‎Feb 11, 2016‎
Appearing before a parliamentary committee on Friday morning, Mr Stevens said the RBA still has the flexibility to cut interest rates further amid ongoing uncertainty about China's policy intentions and falling oil prices. Asked about the recent market ...