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Showing 141 - 150 of 1044 results for "Governor"

Reserve Bank explores digital currency potential

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... safety, resilience and innovation in payment systems and financial market infrastructures," the RBA said. RBA deputy governor Michele Bullock said this project is "an important step" on the path to a potential Australian CBDC. "We are looking forward ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... resilient, 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 ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... fast increase of 2.5% year over year, UBS added. Nevertheless, as previously reported by Financial Standard, RBA deputy governor Michele Bullock said households are in a fairly good position to meet rising interest rates. This is because, "much of the ...

Treasurer announces RBA review

ANDREW MCKEAN  |  WEDNESDAY, 20 JUL 2022
... His current five-year term as a part time member on the board waws due to expire on August 30. Meanwhile, RBA deputy governor Michele Bullock has said that, in aggregate, households are well positioned for further interest rate increases. Bullock said ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... surprises to the upside again and the Federal Reserve ends up hiking 100 basis points," UBS said. That being said, RBA governor Phillip Lowe has argued that a 75-basis point move was never on the table as an option. Then again, Lowe once said Australia's ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
... Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient, a combination of ...

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
... growth in the next two years. At the UBS panel discussion of central banks and inflation, Reserve Bank of Australia (RBA) governor Phillip Lowe commented: "I'm not expecting a recession but we're on a narrow path." "Like other countries we're having ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting today, RBA governor Phillip Lowe said inflation in Australia has increased significantly. Lowe said: "While inflation is lower than in most ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... cash rate from 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 ...

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... unemployment rate was close to 7% and inflation was well below its target band. At the KangaNews DCM Summit, assistant governor Christopher Kent explained that the decision to now cease the purchases under the program came down to three criteria. Most ...