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Regulation

regulation

26 April 2022 • By Maja Garaca Djurdjevic • 1 min read

RBA to lift rates next week, says economist

“The RBA should and likely will raise interest rates next week by 15 bps,” an economist with BetaShares has said. Given heightened global supply ...

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Westpac responds to Federal Court penalty

The big four bank has responded to the penalty handed down last week. On Friday, 22 April, Westpac was ordered to pay penalties in the amount of ...

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Westpac ordered to pay $113m after multiple legal actions

Westpac has been ordered to pay penalties in the amount of $113 million for widespread compliance failures across multiple businesses, including ...

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RBA to lift rates by 40 bps in June, says big bank

Westpac expects the RBA to lift the cash rate by 40 basis points on 7 June. As a result of an expected “substantial” lift in annual underlying ...

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APRA details its crypto expectations in letter to banks

Banks have received a letter from APRA instructing them on the regulator’s expectations around crypto-assets. The prudential regulator has issued a ...

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IMF declares inflation as 'the most important challenge of our time'

The IMF has declared inflation as “the single most important challenge of our time”. The International Monetary Fund (IMF) believes inflation could ...

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Economist pinpoints a key election risk

An economist is predicting minimal impact on investment markets if there is a change of government. Unlike three years ago, the policy differences ...

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RBA finally indicates rate rise could be imminent

The RBA has finally conceded that rising inflation and stronger than anticipated wages growth have brought forward the likely timing of the first ...

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World Bank slashes global growth forecast, flags debt and inflation as 'big' problems

The World Bank has slashed its global growth forecast as a result of the war in Ukraine and COVID-related shutdowns. The World Bank has lowered its ...

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Australia imposes sanctions on 14 Russian businesses

The government has imposed further sanctions on Russian businesses. Australia has added 14 Russian state-owned businesses to its sanctions list. ...

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