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Showing 101 - 110 of 1044 results for "Governor"

Wage increases shouldn't equal rate hikes

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... taken a huge pay cut. "When wages go here and inflation goes here, that's when Australians take a wage cut and [RBA governor] Philip Lowe wants to give them a bigger wage cut," he said. "This will drive the economy into recession. This continued ...

Next RBA boss to be picked in July: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 22 JUN 2023
Reserve Bank of Australia (RBA) governor Phillip Lowe will learn his fate next month following a government consultation on his possible reappointment. Lowe's current term is set to end in September and the government intends to consider the appointment ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... and market dynamics can amplify shocks in markets and potentially bring about risks to UK financial stability. Deputy governor for financial stability Jon Cunliffe explained the bank regularly runs scenario exercises with a variety of firms. "The launch ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... for her service to the South Australian community. "Each recipient has something in common: someone nominated them," Governor-General David Hurley said. "Recipients have made substantial contributions and had a significant impact at the local, national ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... annual movement of the monthly CPI indicator was 6.5% in April, lower than 6.9% recorded in March," she said. Although RBA governor Phillip Lowe told the Senate economics committee yesterday that the central bank is confident inflation will come back ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
... the board's decision to increase the cash rate by 25 basis points to 3.85% last month, Reserve Bank of Australia (RBA) governor Philip Lowe says so far, the strategy is working. Lowe told the Senate economics committee this morning that the central bank ...

Could the anti-woke movement come to Australia?

ROSE MARY PETRASS  |  WEDNESDAY, 24 MAY 2023
... to prevent pension fund managers from basing investment decisions on factors like climate change. This month, Florida governor Ron DeSantis signed into law a bill barring state officials from investing public money to promote ESG goals, and prohibiting ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... decision making of 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 ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... today, An RBA fit for future comes amid widespread criticism for the central bank's fiscal response and on the back of governor Philip Lowe's 2020 prediction that rates wouldn't rise until 2024. However, it states: "This Review is not a judgement ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... which 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 ...