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Showing 21 - 30 of 95 results for "RBA Board"

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
Reserve Bank of Australia (RBA) governor Philip Lowe has announced significant changes that will be implemented by the central bank in response to the recent review of its processes. In what is potentially his last speech as governor, Lowe explained ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... its decisions independently... I try not to pre-empt those decisions or second guess those decisions," he said. "They [RBA board] will weigh up the fact that inflation is moderating in our economy. They've got a job to do, and they can explain their ...

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
The Reserve Bank of Australia (RBA) has opted to increase the cash rate target to 3.85%. Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... Economics lead economist Angela Jackson said: "The latest inflation figures will provide enough justification for the RBA board to move again on rates, with services inflation in particular likely to weigh heavily on their decision." The RBA will make ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... former Fair Work Commission president Iain Ross and former AustralianSuper chair Elana Rubin as part-time members of the RBA board has sparked debate. Following the release of the review of the Reserve Bank of Australia (RBA) yesterday, which made 51 ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... 294-page document suggests a raft of extensive changes, the most significant of which is a recommendation to split the RBA board in two - much like the structure of the Bank of England and Bank of Canada. This would see the creation of a Monetary Policy ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... conditions, and further information on developments in the global economy and financial markets," the minutes said. The RBA board recognised the strength of both sets of arguments, but on balance agreed that there was a stronger case to pause at this ...

Lowe reinforces more hikes may come

ANDREW MCKEAN  |  THURSDAY, 6 APR 2023
... address, Lowe said the decision to hold rates steady didn't imply that interest rate increases are over. Rather, the RBA board held rates steady to better gauge the impact of increased interest rates and to assess the economic outlook. "The board ...

We did too much: Lowe

CASSANDRA BALDINI  |  FRIDAY, 17 FEB 2023
... there was no vaccine for years, we couldn't move around our cities, we were locked at home - it was scary." The RBA board was determined to send a "very clear message" to the community that it would do whatever it could to keep the economy functioning ...

Treasurer announces RBA review

ANDREW MCKEAN  |  WEDNESDAY, 20 JUL 2022
... the forthcoming RBA review and naming its panel, Chalmers announced an extension to Mark Barnaba's appointment to the RBA board. At Chalmers' request, Barnaba has agreed to serve another year on the RBA board. His current five-year term as a part time ...