NEWSLETTER: Banking Sector – Issue 100

7 April 2022


Welcome to the latest edition of our Banking Sector Newsletter.

The Reserve Bank (RBA) has left the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. RBA Governor, Philip Lowe announced “The Board has wanted to see actual evidence that inflation is sustainably within the 2 to 3 per cent target range before it increases interest rates”.

Meanwhile, Business Insider informs that Berlin has seized control of a Germany-based unit of Russian natural-gas giant Gazprom. Germany’s economy ministry justified the takeover by saying it had not granted permission for the Gazprom Germania acquisition. Permission is required, the ministry said, if the investors are not from the European Union and “critical infrastructure” is involved.

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