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Showing 1 - 10 of 62 results for "RBA Governor Philip Lowe"

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... the RBA and improve its operations and governance." Long before the board reshuffle, many called for RBA governor Philip Lowe to leave the seat after an annual report revealed that the man who handed down 10 consecutive rate hikes to Australians took ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... contains 51 recommendations, before it is released sometime in the next few weeks. Already conferring with RBA governor Philip Lowe, he will call upon his colleagues, the Opposition and the crossbench on the best courses of action, adding that "I genuinely ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... further increases throughout the year. Mortgage holders breathed a sigh of relief yesterday afternoon when RBA governor Philip Lowe paused the rate hike after 10 consecutive increases. Explaining the reasoning behind the board's decision, Lowe argued ...

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... from its record high of 7.3%, adding to theories the Reserve Bank of Australia will pause rate hikes. RBA governor Philip Lowe previously explained the board needed four pieces of domestic data to properly form its decision. The latest CPI numbers, released ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... if the Reserve Bank of Australia (RBA) returns inflation back to its 2-3% target range by 2025, which RBA governor Philip Lowe called a "fantastic outcome", retirees are still at risk. With inflation of 2%, a retirees' income loses 25% of its real ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... Australia (RBA) delivered its tenth consecutive rate hike, raising the cash rate by 25bps to 3.60%, however RBA governor Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at the Financial Review ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... reliable and scalable to meet existing and future needs of the market and participants." Also commenting, RBA governor Philip Lowe is an important step in providing assurance that the new system will be fit for purpose. "The replacement system must be ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... the historic low of 0.10% to 0.35% - the first rise in over 11 years. In his speech on the decision, RBA governor Philip Lowe flagged that the increase will be the first of a series of rises. "The board is not on a pre-set path and will be guided by ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin winding back the support put in place during the pandemic. It's the ...

Guy Debelle resigns from RBA

ELIZABETH MCARTHUR  |  THURSDAY, 10 MAR 2022
... area." Debelle was reappointed as deputy governor just last year, thought to be the natural successor to RBA governor Philip Lowe. On Debelle's departure, Lowe commented: "I would like to thank Guy for his outstanding service to the RBA over many ...
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