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Showing 211 - 220 of 2517 results for "Central bank"

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
The Future Fund has delivered a positive 1.1% return over the 12 months ending March 2023, surpassing the ASX (0.1%) and S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... rate control to the new board is a "significant departure" from the usual way of doing business at Australia's central bank but agreed it will strengthen accountability. "It better aligns the RBA's monetary decision-making process with some other ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
A major overhaul is in store for the Reserve Bank of Australia, with the widely anticipated review putting forth 51 recommendations, with particular consideration given to how cash rate decisions are made. Released today, An RBA fit for future comes ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... Australia well for more than six decades. This is all about ensuring we have the world's best and most effective central bank into the future," Chalmers said at the time. The review excludes the RBA's payments, financial infrastructure, banking ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... and that will be displayed in the May federal budget. Speaking in Washington DC at the G20 Finance Ministers' and Central Bank Governors' Meeting and International Monetary Fund (IMF) World Bank 2023 Spring Meetings, Chalmers said the government is putting ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
The International Monetary Fund (IMF) has reported a significant decrease in global economic growth, reaching a 20-year low. The IMF World Economic Outlook 2023 report said there were tentative signs in early 2023 that the world economy could achieve ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... slightly from its record high of 7.3%. According to Lowe, preserving the value of money is the chief task of any central bank, and interest rates are the enabling tool. However, he also noted that alternative institutional arrangements and non-monetary ...

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
Economists are split on the Reserve Bank of Australia's (RBA) upcoming decision on whether to raise the cash rate from 3.6%. The major banks are at odds: ANZ and NAB forecast a 25 basis point cash rate hike, while Commonwealth Bank and Westpac anticipate ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... Australia's digital asset landscape by implementing a robust regulatory framework for cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). This legislation also seeks to bolster consumer protection, promote investment, and ...

Rest switches up recruitment focus

ELIZABETH FRY  |  FRIDAY, 24 MAR 2023
... central banks will stop raising rates and then predict the implications for equity markets," he says. He reckons the US central bank is fixated on reading inflation and job numbers and, within its mandate, it will do its best. "So, we need to be honest ...