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Showing 161 - 170 of 971 results for "Governor"

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
This week the world gained some clarity as to the true scale of the impact COVID-19 is likely to have which, in turn, made clearer the challenges the financial services industry will face in combating the pandemic's effects. However, greater uncertainty ...

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... remunerating exchange settlement balances at 10 basis points instead of zero. When announcing the quantitative measures RBA governor Philip Lowe said that while COVID-19 is a public health issue, the bank was compelled to step-in due to the "very major" ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
Although the outlook for 2020 looks bleak, recovery is on the cards for 2021, according to IMF managing director Kristalina Georgieva. Following a conference call of G20 finance ministers and Central Bank governors Georgieva said that while the human ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... banking system and remunerating exchange settlement balances at 10 basis points instead of zero. The move comes after RBA governor Philip Lowe announced on Monday the bank was standing ready "to purchase Australian government bonds". Lowe said that while ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... not the only central bank to start implementing more drastic measures to offset the economic impact of the virus. RBA governor Philip Lowe said the central bank "stands ready to purchase Australian government bonds." Lowe made the announcement on Monday ...

Chief economist update: A crisis of supply, demand and confidence

BENJAMIN ONG  |  FRIDAY, 6 MAR 2020
When you read reports that police have tasered a man over an argument over toilet paper, you know that the coronavirus hysteria has come to Australia. This followed news of emptied toilet paper shelves at supermarkets that has now extended to "necessities" ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... March meeting "to support the economy as it responds to the global coronavirus outbreak". In his published statement, Governor Philip Lowe declared that: "The coronavirus has clouded the near-term outlook for the global economy and means that global ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
Equity markets appeared to be immune several weeks after COVID-19 first made global headlines - it was known as "novel coronavirus" then - with the S&P 500 index and the S&P/ASX 200 index, among others, even hitting record highs. Even heavily-hit China's ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... achieve - except blow a bubble into the stock and property markets (which would create a new set of problems). In ex-RBA governor Glenn Stevens' parlance, the RBA has allowed the horse to come to the water of cheap funding, but it still refuses to ...