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Showing 171 - 180 of 1044 results for "Governor"

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
... material failures to report liquidity correctly, in line with the Reserve Bank's liquidity requirements," RBNZ deputy governor Geoff Bascand said. "Furthermore, the bank has continued to operate outside of its own risk settings for technology for a number ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... that, the RBA is taking no chances. In his recent remarks to the Melbourne Business Analytics Conference on March 15, RBA governor Philip Lowe, stressed that: "The RBA is doing what it can to support the recovery from the pandemic and will maintain that ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... Australia (RBA) has told financial institutions they must be prepared for the "imminent demise" of LIBOR. RBA assistant governor (financial markets) Christopher Kent said as the deadline for LIBOR is fast approaching, financial institutions must ensure ...

Economic recovery has been stronger than expected: Lowe

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
... Australia's economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges facing ...

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
... its March meeting to make its pandemic stimulus programme more "sustainable and effective". As per Reuters: "BOJ Deputy Governor Masayoshi Amamiya has said one of the key goals of the review would be to mitigate the pain that negative rates inflict on ...

Business investment slow to click into gear: Lowe

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
Reserve Bank of Australia governor Phillip Lowe has expressed his concerns over the slow uptake of business investment in Australia, which he said is slowing economic recovery. Lowe said a durable recovery from COVID-19 requires a strong and sustained ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... consumer spending coming before savings return to its 30-year average of 5.1% Of course, as Reserve Bank of Australia (RBA) governor Philip Lowe warned in his statement following the conclusion of the bank's March 2 meeting, "the path ahead is likely ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... would intervene to short-circuit rising bond yields. So has the Bank of Japan (BOJ) and the Bank of Korea (BOK). BOJ governor Haruhiko Kuroda told Japan's parliament: "The BOJ has no intention of pushing up (10-year bond yields) above its target ...

Chief economist update: NIRP embedded in BOE forecasts

BENJAMIN ONG  |  FRIDAY, 5 FEB 2021
... £895 billion - at its first Monetary Policy Committee meeting on February 4. It was hoping for the best outcome. In BOE governor Andrew Bailey's words: "The monetary policy committee's central forecast assumes that Covid-related restrictions ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... Reserve Bank of Australia (RBA) painted a pretty picture of the Australian economy in its first board meeting for 2021. RBA governor Philip Lowe's statement at the conclusion of the Australian central bank's February meeting was optimistic: "In ...