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Showing 231 - 240 of 1791 results for "The Reserve Bank of Australia"

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
Mortgage holders and retailers breathed a resounding sigh of relief when the Reserve Bank of Australia (RBA) steadied the cash rate for the second month in a row. In leaving the base rate at 4.1%, the RBA signalled that its monetary policy strategy ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
The Reserve Bank of Australia (RBA) left the cash rate unchanged again at 4.1% but warns that more hikes are necessary to tame inflation. Outgoing governor Philip Lowe said Australia's central bank remains "resolute in its determination to return ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of Australia on 15 December 2022 to review the group's governance framework. The ASX had already introduced several governance changes ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... remained well below prior years, reflecting higher mortgage rates. Like the sentiment shared by the Reserve Bank of Australia (RBA), Powell said inflation remains well above the Fed's long-term target goal. "Over the 12 months ending in May, total PCE ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... Russell Chesler pointed out that trimmed mean inflation remains considerably above the targets set by the Reserve Bank of Australia (RBA), indicating a high probability of the bank implementing a 25-basis points rise in August. "There remains some upside ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
The Reserve Bank of Australia (RBA) said the decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... consumers still have too much excess savings, is leading to excessive consumer spending, suggesting that the Reserve Bank of Australia (RBA) probably needs to hike rates again," Mousina said. Australia's labour market remains tight, with the unemployment ...

European pension fund hands MaxCap $200m

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... returns. The First Mortgage and High Yield mortgage products target net returns of 5% and 8% above the Reserve Bank of Australia (RBA) cash rate, MaxCap said.

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ...