Reserve Bank of Australia May Adopt Negative Interest Rates on Weak Inflation
The Reserve Bank of Australia (RBA) could be the next central bank to embrace negative interest rates, according to BT Investment Management (BTIM). The Sydney-based firm cited weak inflation and consumption to justify its call.
“The Reserve Bank of Australia (RBA) could be the next central bank to embrace negative interest rates”
~ BT Investment Management
Central banks such as the European Central Bank, the Bank of Japan (BOJ) and Riksbank have all introduced negative rates during periods of tepid consumer price growth in an effort kick start their respective economies.
About Australia Reserve Bank
The Reserve Bank of Australia (RBA) is Australia’s central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation’s banknotes.
The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia’s gold and foreign exchange reserves.
Visit: Australia Reserve Bank
About BT Investment Management
The BTIM Group follows a ’multi-boutique’ business model, where teams of investment professionals focus exclusively on asset management, while distribution, compliance, business and general management functions are delivered centrally. The model is designed to provide the best of both worlds. Fund managers operate in a boutique environment where they maintain full autonomy over their investment approaches and share in the economic value that they create for clients, combined with the strength of a significant institution with a strong operational platform (brand, distribution, compliance, sales and marketing, back office).
Visit: BT Investment Management
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact email@example.com
- For Media-related enquiries, please contact firstname.lastname@example.org
- For Advertisement, please contact our official ad agency