Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 459 results for "Board meeting"

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... cut "doesn't align with the board's current thinking". The RBA has introduced forward guidance since the August board meeting, and Commonwealth Bank of Australia (CBA) head of Australian economics Gareth Aird says this guidance is "at odds" with the ...

RBA on hold: Experts split on 2024 cut

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
The Reserve Bank of Australia (RBA) left interest rates unchanged at 4.35% at its August board meeting. RBA governor Michele Bullock said the case for an interest rate cut in the near-term was not a likely scenario. "Based on what I know today and what ...

RBA minutes confirm potential August rate hike

ELIZA BAVIN  |  WEDNESDAY, 3 JUL 2024
The Reserve Bank of Australia (RBA) released the minutes from its June board meeting at which it held interest rates steady, but confirmed it did consider the possibility of a hike. The minutes also confirmed the RBA is vigilant to the upside risks ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
... Australian economics Gareth Aird also believes the RBA will keep interest rates unchanged this month. "The June board meeting comes in the wake of the 2024 Federal Budget, which was a little more expansionary than anticipated. But we do not think the ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... levels since mid-2022," Aird said. What will the RBA do? CBA expects the RBA will leave policy on hold at the June board meeting, and with no meeting in July that puts focus on the August meeting; just after the Q2 inflation data is released. "At this ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
... register a complaint with AFCA. "The AFCA board will consider any submissions made by Dixon Advisory at its next board meeting on 20 June 2024, before making its final decision," AFCA said. "AFCA can only accept complaints about firms that are current ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... rates on hold. "The resumption of rate hike discussions in May follows the removal of that deliberation at the March board meeting," Commonwealth Bank senior economist Belinda Allen said. "Stronger economic data, including the Q1 24 CPI print, caused ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... down. "The board did not reinstate its hiking bias and maintained the neutral stance it shifted to at the March board meeting, as we anticipated," Aird said. "Our base case sees the RBA on hold until the November board meeting when we expect the RBA ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... confirmed non-executive director Yasmin Allen would be retiring and will step down at the conclusion of the September board meeting. Allen was first appointed to the board in February 2015. "I want to thank Yasmin for her many years of diligent service ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Artificial intelligence could threaten financial stability, forcing novel macro-prudential strategies, according to US Securities and Exchange Commission (SEC) chair Gary Gensler. In a speech at Yale Law School, Gensler described AI as having "tremendous ...