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Showing 181 - 190 of 2535 results for "Reserve Bank"

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... exports recover with international travel picking up. As such, Barclays 2022 full-year forecast was lower than the Reserve Bank of Australia's 4.25% estimate. The bank explained: "We expect private consumption to be softer in Q2-Q3 as inflation remains ...

ACCC on financial services priorities

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
... regulation is undergoing a comprehensive redesign for the first time in 25 years, following the Farrell review and the Reserve Bank of Australia's review of retail payments regulation," she said. "The ACCC plans to work with the government to ensure ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... considerable number of financial advisers having only ever known a low inflation environment. At its May meeting, the Reserve Bank of Australia increased the cash rate from the historic low of 0.10% to 0.35% - the first rise in over 11 years. In his ...

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
Having raised the cash rate earlier this month, the Reserve Bank of Australia (RBA) board has decided not to reinvest the proceeds from bonds as they mature from the bank's portfolio. This decision by the RBA is indicative of a new quantitative tightening ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
In the first increase in more than a decade, the Reserve Bank of Australia has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
Just over two weeks before the federal election, the Reserve Bank of Australia (RBA) will make a decision on interest rates which could have huge political implications. At present, underlying inflation is well above the RBA's target band and most economists ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
... growth, revealed by the Australian Bureau of Statistics (ABS) yesterday, came in above expectations and well above the Reserve Bank's targets. It was largely driven by new dwellings, automotive fuel, and tertiary education, the ABS said. On an annual ...

US stocks crumble after Jerome Powell's hawkish comments

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
... combat inflation through tightened monetary policy with interest rate hikes. It was only earlier this week that the Reserve Bank of Australia minutes strongly insinuated that inflationary and wage growth developments had brought forward the likely timing ...

RBA eyes an early rate hike

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
Reserve Bank of Australia (RBA) minutes for April have strongly suggested that inflationary and wage growth developments have brought forward the likely timing of the first interest rate increase. Interest rates in Australia haven't been raised since ...