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Showing 111 - 120 of 1044 results for "Governor"

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
Treasurer Jim Chalmers says the best possible response to global economic uncertainty is responsible economic management and that will be displayed in the May federal budget. Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
The Reserve Bank of Australia (RBA) hit pause on interest rate hikes this week, but RBA governor Phillip Lowe has told the National Press Club that doesn't mean they're off the table altogether. In an address, Lowe said the decision to hold ...

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... rule out 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 ...

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
... in the economy which supports a more patient approach," Solomon said. AMP senior economic Diana Mousina noted that RBA governor Phillip Lowe has highlighted the importance of key data points, including labour force data, consumer surveys, retail sales ...

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... slowed to 6.8% 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 ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... the transmission mechanism in Australia hits home borrowers in a way it doesn't offshore." Earlier in the month, RBA governor Phillip Lowe flagged the release of important data would largely inform the board's policy decision in April. In an economic ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... this age range spent $41,477 in the last year. In hiking the base rate to 3.60% on March 7, Reserve Bank of Australia governor Philip Lowe said global inflation remains very high, but at home it seems as though inflation has peaked. "Goods price inflation ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... living. Even 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% ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... Bank of 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 ...

ART appoints new board, investment committee members

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... trustees from and as director-general of the Departments of Housing and Community Services. Meanwhile, former deputy governor of the Reserve Bank of Australia Guy Debelle has been appointed as an external advisor to the ART investment committee. Debelle ...