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Showing 151 - 160 of 971 results for "Governor"

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...

Chief economist update: Annus horribilis with a vengeance

BENJAMIN ONG  |  FRIDAY, 8 MAY 2020
... Britain would experience its worst recession in 300 years. Brexit was a stroll on Hyde Park compared with COVID-19. Ex-BOE governor Mark Carney must be thanking his lucky stars he only had to deal with the GFC and Grexit and Brexit. Andrew Bailey, who ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... the outcomes would be even more challenging than those in the baseline scenario." That, Reserve Bank of Australia (RBA) governor Philip Lowe's statement - released after the Australian central bank's May 5 meeting (where it kept monetary policy ...

Chief economist update: Turns out Brexit was heaven

BENJAMIN ONG  |  FRIDAY, 24 APR 2020
... 2.1% pre-Brexit to 1.1% as at the end of the December 2019 quarter. But in his last meeting as Bank of England (BOE) governor in January this year, Mark Carney was waxing optimistic. "The most recent indicators suggest that global growth has stabilised ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... the biggest monthly decline in the survey's 47-year history -- from 91.9 in March. Reserve Bank of Australia (RBA) governor Philip Lowe is equally downtrodden. In his recent outing (April 21), governor Lowe proclaimed the Australian central bank's ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... thereof, from the RBA to a time limit on this emergency cash rate is an important message to the economy." Kirkham said RBA governor Philip Lowe's objective of generating a sustained inflation rate of 2%-3% per year and an unemployment rate that approaches ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... despite New York recording its third day straight of coronavirus cases below-peak levels. Even with these decreases, the Governor of New York Andrew Cuomo tweeted that social distancing laws wouldn't be easing anytime soon. "This is an enemy we have ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
... time - $17.6 billion on 12 March; $66.1 billion on 22 March; and, $130 billion on 30 March - so far. So much so that RBA governor Philip Lowe is confident that "The coordinated monetary and fiscal response, together with complementary measures taken ...

Count Financial bolsters leadership team

ALLY SELBY  |  MONDAY, 6 APR 2020
... of the Financial Planning Advisory Committee to the board of the Financial Ombudsman service, and also served as the governor and secretary of the Institute of Internal Auditors. Countplus sold its financial advisory business Count Financial to the Commonwealth ...