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Showing 571 - 580 of 4735 results for "Reserve"

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks. Speaking at the European Central Bank Forum in Portugal, Powell said: "Our aim is ...

Ken Henry resigns from ASX board

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... Foreign Affairs and Trade, and the Treasury, as well as the Office of National Intelligence. She began her career at the Reserve Bank of Australia in 1988. Roche said the ASX is fortunate to have attracted a director with Smiths calibre. "She brings ...

Women paid less at every age, rank: Data

CASSANDRA BALDINI  |  TUESDAY, 28 JUN 2022
Australian women in senior executive and chief executive roles at age 55 and over will take home $93,000 less per year than their male counterparts, new data shows. Workplace Gender Equality Agency conducted wages and ages: mapping the gender pay gap ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
Minutes from the Reserve Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become ...

Stagflation: What should we expect?

CHLOE WALKER  |  THURSDAY, 16 JUN 2022
... going to these lengths that the market is saying they're going to go to." "The market is currently pricing in the Reserve Bank to take the cash rate to 4% by June next year. That's at least 50 basis points higher than what a natural break is ...

Banks flag imminent consecutive double rate rises

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
Commonwealth Bank and Westpac economists have predicted the Reserve Bank of Australia (RBA) to bump up official rates to 1.35% when it next meets in July; NAB and ANZ believe there will be another double hike in the next two months. Quickly following ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

Reserve Bank tipped to hike rates again

ANDREW MCKEAN  |  MONDAY, 6 JUN 2022
Economists have had their say about tomorrow's Reserve Bank of Australia (RBA) decision, the vast majority anticipate the central bank to jack up cash rates. A Finder survey has said that 86% of its expert panelists believe the cash rate will change ...

Relax rate expectations: Franklin Templeton

CHLOE WALKER  |  FRIDAY, 3 JUN 2022
... latest review of the outlook for inflation and monetary policy, Franklin Templeton said it remains of the view that the Reserve Bank of Australia (RBA) should take a measured approach to raising the cash rate and likely end up with a high for the cycle ...

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... services exports recover with international travel picking up. As such, Barclays 2022 full-year forecast was lower than the Reserve Bank of Australia's 4.25% estimate. The bank explained: "We expect private consumption to be softer in Q2-Q3 as inflation ...