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Showing 41 - 50 of 223 results for "RBA Governor"

RBA steadies cash rate, flags more hikes

KARREN VERGARA  |  WEDNESDAY, 5 APR 2023
... rule out further increases throughout the year. Mortgage holders breathed a sigh of relief yesterday afternoon when RBA governor Philip Lowe paused the rate hike after 10 consecutive increases. Explaining the reasoning behind the board's decision, Lowe ...

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
... in the economy which supports a more patient approach," Solomon said. AMP senior economic Diana Mousina noted that RBA governor Phillip Lowe has highlighted the importance of key data points, including labour force data, consumer surveys, retail sales ...

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... slowed to 6.8% from its record high of 7.3%, adding to theories the Reserve Bank of Australia will pause rate hikes. RBA governor Philip Lowe previously explained the board needed four pieces of domestic data to properly form its decision. The latest ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... the transmission mechanism in Australia hits home borrowers in a way it doesn't offshore." Earlier in the month, RBA governor Phillip Lowe flagged the release of important data would largely inform the board's policy decision in April. In an economic ...

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... living. Even if the Reserve Bank of Australia (RBA) returns inflation back to its 2-3% target range by 2025, which RBA governor Philip Lowe called a "fantastic outcome", retirees are still at risk. With inflation of 2%, a retirees' income loses 25% ...

We are closer to a pause: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 8 MAR 2023
... Bank of Australia (RBA) delivered its tenth consecutive rate hike, raising the cash rate by 25bps to 3.60%, however RBA governor Philip Lowe signaled a break could be in sight. "We are closer to a pause," Lowe said today while speaking at the Financial ...

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... inflation, high CPI inflation in Australia (7.8%), driven by both domestic demand and global factors, remains a challenge, RBA governor Phillip Lowe said. The RBA is prioritising restoring inflation to its target range of 2-3%, with an eye towards maintaining ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... its replacement. This supplemented a joint letter of expectations ASIC and the RBA issued to the ASX last month. RBA governor Phillip Lowe said: "The RBA expects the highest priority to be given to ensuring the stability and resilience of the critical ...

RBA governor cites climate, energy transition in inflation response

RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
Reserve Bank of Australia governor Philip Lowe cited climate change and the transition to renewable energy as two of four longer-term changes to the global economy that are "likely to affect the dynamics of inflation, central bank policy and the way ...

RBA lifts rates, lifts markets

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... Though, it was flagged that further rate hikes will likely be required over the period ahead. On the policy decision, RBA governor Phillip Lowe said: "The cash rate has been increased substantially in a short period of time." "Reflecting this, the board ...