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Showing 211 - 220 of 2020 results for "RBA"

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... direction interest rates will take in 2024 or if they will move at all. Commonwealth Bank predicts the Reserve Bank of Australia (RBA) will drop the base rate by 0.75% from September in the hope inflation returns to an acceptable 2-3% target range. HSBC ...

Australian economic growth slows, IMF maintains positive outlook

ANDREW MCKEAN  |  MONDAY, 22 JAN 2024
... third quarter of 2023, down from 7.8% in the fourth quarter of 2022, though it remains above the Reserve Bank of Australia's (RBA) target range of 2-3%. In response, the RBA has significantly tightened monetary policy, raising the cash rate by 4.25% ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... financial regulators including ASIC, the Australian Competition and Consumer Commission (ACCC), and the Reserve Bank of Australia (RBA). The public consultation process for this exposure draft instrument is now open, allowing stakeholders to submit their ...

Experts expect the RBA to hold: Finder

CHLOE WALKER  |  MONDAY, 15 JAN 2024
An overwhelming majority of experts and economists (89%) expect the Reserve Bank of Australia (RBA) to hold the cash rate in February, according to the latest Finder RBA Cash Rate Survey. The study, which surveyed 19 experts and economists, also found ...

RBA names new chief economist

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
The Reserve Bank of Australia (RBA) has appointed a chief economist and assistant governor to lead its Economic Group, which comprises the Economic Analysis and Economic Research departments. Sarah Hunter assumes the position, taking over from Luci ...

Interest rates on hold as RBA pauses

CHLOE WALKER  |  WEDNESDAY, 6 DEC 2023
In its final decision of the year, the Reserve Bank of Australia (RBA) kept interest rates unchanged at 4.35%. The decision to hold spares borrowers a sixth interest rate rise in 2023, following a 25 basis point increase at its previous meeting in November. ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... economist Diana Mousina said the data doesn't provide any new information that would force the Reserve Bank of Australia (RBA) to hike rates at next week's final board meeting for 2023. "While the RBA has sounded more hawkish in the past few ...

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
The Reserve Bank of Australia (RBA) has selected Bank of England (BoE) executive Andrew Hauser as its new deputy governor and as a member of the Reserve Bank board. Hauser is set to begin his five-year term in January, bringing with him over three decades ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... a bill to parliament this week that proposes abolishing the treasurer's power to override the Reserve Bank of Australia's (RBA's) monetary policy decisions. Treasurer Jim Chalmers today announced the government's plans to reform and modernise the RBA ...

Inflation problem is homegrown: Bullock

KARREN VERGARA  |  FRIDAY, 24 NOV 2023
Reserve Bank of Australia (RBA) governor Michele Bullock warned that Australians' spending habits - particularly in the services sector - are now fuelling inflation. A trip to the hairdresser and dentist, eating out, and sporting and recreational ...