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Showing 51 - 60 of 224 results for "RBA Governor"

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 ...

CHESS replacement delayed further, review underway

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... resilient, reliable and scalable to meet existing and future needs of the market and participants." Also commenting, RBA governor Philip Lowe is an important step in providing assurance that the new system will be fit for purpose. "The replacement system ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... of the debt is held by high-income households that have the ability to service the debt," Bullock said. Meanwhile, RBA governor Phillip Lowe has stressed that the RBA isn't on a preset path to get to neutral and would instead maintain a flexible inflation ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... surprises to the upside again and the Federal Reserve ends up hiking 100 basis points," UBS said. That being said, RBA governor Phillip Lowe has argued that a 75-basis point move was never on the table as an option. Then again, Lowe once said Australia's ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
... 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, a combination of ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting today, RBA governor Phillip Lowe said inflation in Australia has increased significantly. Lowe said: "While inflation is lower than in most ...

Rate rise exposes adviser knowledge gap

CHLOE WALKER  |  WEDNESDAY, 25 MAY 2022
... cash rate from the historic low of 0.10% to 0.35% - the first rise in over 11 years. In his speech on the decision, RBA governor Philip Lowe flagged that the increase will be the first of a series of rises. "The board is not on a pre-set path and will ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... afforded to Australians during the pandemic and to tame swelling inflation figures. In a statement about the decision, RBA governor Phillip Lowe acknowledged "this increase in interest rates comes earlier than the guidance the Bank was providing during ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... 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 winding back the support put in place during the pandemic. ...

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
... This would potentially lower IE and lift consumer sentiment further. Though, despite this week's positive result, RBA governor Phillip Lowe has warned that higher prices for petrol and other commodities will result in worsening inflation over the coming ...