For a Tax-Free Green New Deal

ING remarks after the wages data from Australia earlier:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)
• Australia - "Wage inflation is moderating as expected"

ING says that year-on-year wage growth slowing to 3.5% is a step in the right direction for the Reserve Bank of Australia (RBA) to consider rate cuts.

However, ING notes this deceleration alone isn’t enough for the RBA to rule out any upside risks to interest rates.

Despite the softer data, ING believes a case for a near-term rate cut remains weak, predicting the earliest possible easing from the RBA could come in the first quarter of 2025.

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I suspect even Q1 is too early. The RBA next meet on December 9 - 10, where on hold is expected.

At 10 am Sydney time on Thursday, November 14, 2024,

• Panel Participation by RBA Governor Michele Bullock, at the ASIC Annual Forum, Sydney
• that's 2300 GMT, 1800 US Eastern time on Wednesday, November 13, 2024

Perhaps we'll hear something on wages data from earlier today:

• Australia data - Wage Price Index for Q3 2024: +0.8% q/q (expected +0.9%, prior +0.8%)

But, probably not:

• Australia - "Wage inflation is moderating as expected"

The RBA next meet on December 9 and 10 and no change to the cash rate is widely expected.

1. The Appellant filed an RTI application dated 22.05.2023 seeking information on the following points:

(i) Party wise detailed break up of the amount pertaining to each of the debtors whose debt has been assigned vide aforesaid agreement.

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(ii) Details of Actual amount paid by the ARC to the bank pertaining to each individual debt.

(iii) Copies of Correspondence with regards to the above between the Assignor (Bombay Mercantile Co-operative Bank Ltd) and Assignee Invent Assets Securitisation Reconstruction Pvt. Ltd prior to and subsequent to the alleged Assignment

[New Zimbabwe] THE Reserve Bank of Zimbabwe (RBZ) is expected to introduce a new set of higher denomination banknotes worth $600 million to increase the physical money supply and curb severe cash shortages in the country.

(United States Fourth Circuit) - In an employment discrimination action, contending that defendant-employer interfered with and retaliated against plaintiff, a former employee, in violation of the Family and Medical Leave Act (FMLA) and failed to accommodate and discriminatorily discharged plaintiff in violation of the Americans with Disabilities Act (ADA), the district court's grant of summary judgment to defendants is: 1) affirmed as to plaintiff's FMLA retaliation claim and ADA claims; but 2) vacated as to plaintiff's FMLA interference claim where genuine issues of material fact exist.

The Reserve Bank bought R11.4 billion worth of government bonds from the secondary market during April, as part of its measures to introduce liquidity to the market.

KOCHI: You have got some disposable amount, and want to own a real estate asset abroad. Now, it is possible as the Reserve Bank of India (RBI) allows resident Indians to remit money abroad for the purchase of immovable properties. According to a new RBI directive, banks are allowed to remit up to US$125,000 (around Rs 75 lakh) every financial year for any permitted current or capital account transaction, or a combination of both. The money can be used for purchasing immovable property outside India. Financial experts point out that the new norms might be helpful for the state as it would be easier for Keralites to spot properties due […]

Reserve Bank governor Philip Lowe warns Australia's unemployment rate is likely to hit 10 per cent by June, and even though Australia will recover, the coronavirus emergency "will cast a shadow over our economy for some time to come".

Australia is set to experience the 'biggest contraction' in national output and income since the Great Depression as it grapples with the economic effects of the coronavirus pandemic.

The Reserve Bank fears the coronavirus will hit Australia's already fragile economy and be much worse than the 2003 SARS outbreak in China. Apple is also expecting a global iPhone shortage.

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Reserve Bank of India

Reserve Bank of India

Reserve Bank of India

No one expected a CRR cut at this time; 75 basis points cut in the policy rate at one shot has also been more than what most had expected