FINSOC Weekly Wraps Vol.03

May 13, 2022 Weekly Wraps
  • On Tuesday, April 5, the RBA confirmed that interest rates will be maintained at a historically low rate of 0.1% despite concerns over living costs growing for Australians
  • The ASX 200 dropped 0.2% (16 points) to 7478 this week, despite adding 35.2 points, or 0.5%, on Friday.
  • The Central Bank of Russia has rejected a proposal that would allow cryptocurrency for sanction evasions.
  • Deep Yellow Limited has finalized a $658m merger deal, with Vimy Resources Limited-Frontline and Euronav approve a merger deal valued at $4.2bn.