Official Cash Rate The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank of Australia to meet the inflation target specified in the Policy Targets Agreement. The current agreement defines price stability as annual increases in the Consumers Price Index (CPI) of between 2 and 3 per cent on average over the medium term. A media release is issued at 2.30 pm after each Reserve Bank Board meeting‚ with the Board’s decision taking effect the following day. Changes to the official
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to Yossarian’s assertions about the firms’s returns. Ironically‚ returns had been the sub-ject of debate within the firm’s circle of senior managers in recent months. A num-ber of issues had been raised about the hur-dle rate used by the company in evaluating performance‚ and in setting the annual capital budget. Since the company was ex-pected to invest nearly $2 billion in capital Wall Street Daily News‚ January 9‚ 1996
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P6–1 Interest rate fundamentals: The real rate of return Carl Foster‚ a trainee at an Investment banking firm‚ is trying to get an idea of what real rate of return investors Are expecting in today’s marketplace. He has looked up the rate paid on 3-month U.S. Treasury bills and found it to be 5.5%. He has decided to use the rate of change In the Consumer Price Index as a proxy for the inflationary expectations of Investors. That annualized rate now stands at 3%. On the basis of the information
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Reaction Rate Coursework Aim To see how the concentration of a reactant affects the rate of reaction‚ in this case sodium thiosulphate and acid. Scientific Background For a reaction to occur‚ the particles of the reactants must be colliding with each other with enough energy‚ the amount of energy needed for the reaction is called activation energy. Activation energy is altered by temperature‚ concentration‚ surface area of and the pressure on the reactants. Stirring the reactants also increases
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The Australian Exchange Rate By: Dontae Smith Introduction: What factors affect the demand and supply of Australian dollars in the foreign exchange markets? Distinguish between the possible causes and effects of currency depreciation and a currency appreciation on the Australian economy. What forces have come into play‚ if any‚ in the past four months that have affected the value of the Australian dollar? Exchange Rate: "The rate at which one unit of domestic currency is exchanged for a given
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benefits of gambling. American Journal of Economics and Sociology 66(3): 609-645. Walker‚ D.M.‚ and A.H. Barnett. 1999. The social costs of gambling: An economic perspective Walker‚ D.M.‚ and J.D. Jackson. 1998. New goods and economic growth: Evidence from legalized gambling Walker‚ D.M.‚ and J.D. Jackson. 2007. Do casinos cause economic growth? American Journal of Economics and Sociology 66(3): 593-607. Walker‚ D.M‚ and J.D. Jackson. 2008b. Katrina and the Gulf States Casino Industry. Whitehouse‚ M
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kidnap for ransom‚ or holdup just to meet their basic needs. Illiteracy rates are highest among developing countries. In contrast‚ the illiteracy rate in developed countries is only a few percent. However‚ it is important to note that literacy rates vary widely from country to country and after directly proportionate to a country’s wealth or urbanization level‚ although many other factors play a determining role. Illiteracy rates is an important factor in a country’s or a region’s “human capital”.
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Interest Rate Risk (IRR) Management What is Interest Rate Risk : Interest rate risk is the risk where changes in market interest rates might adversely affect a bank’s financial condition. The management of Interest Rate Risk should be one of the critical components of market risk management in banks. The regulatory restrictions in the past had greatly reduced many of the risks in the banking system. Deregulation of interest rates has‚ however‚ exposed them to the adverse impacts of interest rate risk
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(Interest rate parity is a no-arbitrage condition representing an equilibrium state under which investors will be indifferent to interest rates available on bank deposits in two countries.[1] The fact that this condition does not always hold allows for potential opportunities to earn riskless profits from covered interest arbitrage. Two assumptions central to interest rate parity are capital mobility and perfect substitutability of domestic and foreign assets. Given foreign exchange market equilibrium
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of Interest Rate Risk Supporting Document to the New Basel Capital Accord Issued for comment by 31 May 2001 January 2001 Superseded document Superseded document Table of contents SUMMARY .............................................................................................................................................. 1 I. SOURCES AND EFFECTS OF INTEREST RATE RISK ............................................................. 5 A. SOURCES OF INTEREST RATE RISK ....
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