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Showing 51 - 60 of 238 results for "RBA Gov"

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
The ASX has commissioned an independent review of its long-delayed CHESS replacement to enable the bourse to set a realistic go-live date, saying current indications suggest it won't launch before late 2024. The CHESS replacement project has been underway ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
UBS has forecast that the Reserve Bank of Australia's (RBA) rate rise assumptions would cause an unprecedented payment spike for households. The RBA's scenario of a 300-basis point increase in interest rates by mid-2023 would see interest payments as ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
The unemployment rate has fallen to 3.5%, the lowest level since 1974, and near-record inflation hasn't subsided, leading experts to believe that aggressive rate hikes will continue. Australian Bureau of Statistics (ABS) data showed the number of ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points, ramping up its efforts to quash runaway inflation. RBA governor Phillip Lowe stayed the course with his assessment that while the Australian economy remained resilient ...

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 ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
As interest rates rise and inflation grows, some are lamenting a possible knowledge and experience gap in the industry, with a considerable number of financial advisers having only ever known a low inflation environment. At its May meeting, the Reserve ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
Yesterday, the Reserve Bank of Australia surprised markets by lifting the cash rate target for the first time in over a decade. The decision to raise rates 25 basis points to 0.35% came as the RBA sought to withdraw the extraordinary monetary support ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
In the first increase in more than a decade, the Reserve Bank of Australia has raised the cash rate target by 25 basis points to 0.35%. Announcing the decision this afternoon, RBA governor Philip Lowe said the board determined the time is right to begin ...

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
This week ANZ-Roy Morgan consumer confidence increased by 2.3 points to 93.4 after petrol prices dropped approximately 30 cents per litre. But consumer confidence is still 14.3 points below its level from the same week a year ago. Consumer confidence ...

Guy Debelle resigns from RBA

ELIZABETH MCARTHUR  |  THURSDAY, 10 MAR 2022
Deputy governor of the Reserve Bank of Australia, Guy Debelle, has resigned. Debelle will be taking on the role of chief financial officer for Fortescue Future Industries. He will depart his position at the RBA on March 16, and start in his new role ...