Search results
Results from the WOW.Com Content Network
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy.
Governors of the Reserve Bank of Australia: 1 H. C. Coombs: January 1960 July 1968 [9] [14] 2 Sir John Phillips: KBE: July 1968 July 1975 [9] [15] 3 Sir Harold Knight: KBE, DSC: July 1975 August 1982 [9] 4 Bob Johnston: AC: August 1982 July 1989 [9] 5 Bernie Fraser: September 1989 September 1996 [9] 6 Ian Macfarlane: AC: September 1996 ...
On July 31, 2009, WTVF began simulcasting on its digital subchannels the over-the-air relaunch of "NewsChannel 5+" (originally a cable-only channel) on 5.2 and the addition of classic movie network, This TV on 5.3. On September 7, 2012, WTVF relocated its main digital signal to UHF channel 25 and shut down its UHF fill-in translator on channel 50.
The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. [2] Banks require a bank licence under the Banking Act 1959. Foreign banks require a licence to operate through a branch in Australia, as do ...
Cheque use is in decline worldwide, but it is declining faster in Australia than many other countries. Between 2010 and 2014, cheque use in Australia declined by 42.8% with just over seven cheques written per person in 2014. In 2014, 166.6 million cheques were used in Australia, compared to 291.1 million in 2010. [5]
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
3 March - The RBA reduced the cash rate to 0.5% (from 0.75%) 19 March - The RBA introduces 4 core changes to support the economy as the COVID-19 pandemic shuts borders and businesses Reduction in the cash rate to 0.25% (down from 0.5%) Targeting the yield of the 3 year bond at 0.25%, through the commencement of bond buying
Australian News Channel Pty Ltd. is an Australian privately held subsidiary of News Corp Australia which owns media properties operating in Australia and New Zealand. The company owns news broadcasting channel Sky News Australia, its sister channels Sky News Extra and Sky News Weather Channel, New Zealand News Channel (which operates Sky News New Zealand) as well as international streaming ...