News from Victoria's fastest growth region
To the tight-knit community of Sainte-Adeline, Quebec, Magalie appears as a normal suburban high school sophomore surrounded by friends. But this popular teenage girl is harboring a shocking secret: she’s pregnant. When Magalie refuses to identify the father, suspicions among the townsfolk come to a boiling point and the layers…
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In Die in a Gunfight, Mary (Alexandra Daddario) and Ben (Diego Boneta) are the star-crossed black sheep of two powerful families engaged in a centuries-long feud – and they’re about to reignite an affair after many years apart. Their forbidden love will trigger the dominoes that will draw in Mukul…
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The Australian Government introduced significant fiscal support measures to limit the negative economic effects of the COVID-19 pandemic and support economic recovery. In its capacity as the banker to the Commonwealth of Australia, and importantly as transactional banker to the large agencies charged with delivering a number of these measures,…
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Our analysis finds that Australians generally do not have to travel far to reach their nearest cash access point – a location where they may make cash withdrawals and/or deposits. Around 95 per cent of people live within about 5 kilometres of a cash access point, broadly unchanged since 2017….
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In response to the COVID-19 pandemic, the Reserve Bank deployed a number of monetary policy tools, including some new measures, to support the economy and address disruptions to the smooth functioning of financial markets. This new mix of policy tools has changed how the Reserve Bank implements monetary policy, and…
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A key responsibility of the Reserve Bank is to maintain public confidence in Australia’s banknotes as a secure method of payment and store of wealth. To help achieve this objective the Bank initiated the Next Generation Banknote (NGB) program, which involved the design and development of a new banknote series…
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To promote economic literacy and ensure the long-term health of the economics discipline, it is important to address the sharp decline in the size and diversity of the economics student population. Administrative data from the University Admissions Centre (UAC) provides information about how students transition from high school to university…
Read moreThe Reserve Bank’s annual survey of bank fees shows that their fee income from both households and businesses in Australia declined notably over 2020 due to the disruption to economic activity caused by the COVID-19 pandemic. Source: Reserve Bank of Australia [2021]…
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This article discusses the effect that low interest rates may have on bank profits, and reviews the experience of banks in economies that have had very low interest rates for an extended period. In the short to medium run, low or negative interest rates appear to reduce bank profits only…
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Globally, the fiscal policy response to the COVID-19 crisis has been the largest and fastest in peacetime. Governments have prioritised direct fiscal support for private incomes and employment, which has limited economic scarring and established a solid foundation for the recovery. The size and composition of the fiscal response has…
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