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Showing 231 - 240 of 1045 results for "Governor"

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... thereof, from the RBA to a time limit on this emergency cash rate is an important message to the economy." Kirkham said RBA governor Philip Lowe's objective of generating a sustained inflation rate of 2%-3% per year and an unemployment rate that approaches ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... despite New York recording its third day straight of coronavirus cases below-peak levels. Even with these decreases, the Governor of New York Andrew Cuomo tweeted that social distancing laws wouldn't be easing anytime soon. "This is an enemy we have ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
... time - $17.6 billion on 12 March; $66.1 billion on 22 March; and, $130 billion on 30 March - so far. So much so that RBA governor Philip Lowe is confident that "The coordinated monetary and fiscal response, together with complementary measures taken ...

Count Financial bolsters leadership team

ALLY SELBY  |  MONDAY, 6 APR 2020
... of the Financial Planning Advisory Committee to the board of the Financial Ombudsman service, and also served as the governor and secretary of the Institute of Internal Auditors. Countplus sold its financial advisory business Count Financial to the Commonwealth ...

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" ...