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Showing 21 - 30 of 100+ results for "Reserve Bank of Australia"

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
... financial regulators. The Council of Financial Regulators (CFR) consisting of APRA, ASIC, Treasury and the Reserve Bank of Australia (RBA) previously handed a report to government with recommendations to increase their powers to intervene to manage a ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... are revving up purchases in anticipation of booms to come. With interest rates at record lows and the Reserve Bank of Australia (RBA) pledging that they will remain at current levels until 2024, those who can afford to borrow are borrowing... to the ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR). Some ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
Except to reinforce its message that interest rates will remain at record lows "until 2024 at the earliest", the Reserve Bank of Australia's (RBA) June board meeting was largely a ho-hum affair. As expected, the RBA left monetary policy settings ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... Victoria's state government could even decide to loosen its budget spending. And then, there's the Reserve Bank of Australia (RBA). At its May Board meeting, it hinted that it could start tapering its bond purchases in July. This now, to a certain ...

Chief economist update: Twist in tail of Aussie economic revival

BENJAMIN ONG  |  TUESDAY, 25 MAY 2021
... stronger by additional spending announced in the budget and continued monetary policy accommodation by the Reserve Bank of Australia (RBA). Too much of a good thing (stronger growth) isn't a good thing (rising inflationary pressures). Markit Economics' ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
"Prediction is very difficult, especially if it's about the future." This quote from Danish physicist and Nobel Prize in physics winner Niels Bohr has been proven time after time but more recently in the Australian Federal Treasury's prediction ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... rate of growth (1.5%) since the commencement of the series" from 1.6% in the December 2000 quarter. The Reserve Bank of Australia anticipated this in its April missive, saying: "...wage and price pressures are subdued and are expected to remain so for ...

Key Treasury initiatives outlined

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... pre-emptively identify and manage risks, or intervene in a FMI failure crisis. Under the reforms, the Reserve Bank of Australia (RBA) will be able to manage a failure at a clearing and settlement facility. There will also be a facility for the RBA to ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
... save for their first home. But with interest rates at 6000-year lows and - based on comments from the Reserve Bank of Australia - likely to stay that way, and home prices exploding through the stratosphere so rapidly, the FHSS scheme has no point. And ...