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Showing 61 - 70 of 178 results for "Philip Lowe"

Banks urged to step up

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
Reserve Bank of Australia governor Philip Lowe and APRA chair Wayne Byres have called on the big banks to support the Australian COVID-19 recovery, rather than their shareholders. Speaking during a FINSIA webinar, Lowe said over the past decade APRA ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
"A stronger economic recovery is possible if there is further substantial progress in containing the coronavirus in the near term and there is a faster return to normal economic activity. On the other hand, if the lifting of restrictions is delayed ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... monthly decline in the survey's 47-year history -- from 91.9 in March. Reserve Bank of Australia (RBA) governor Philip Lowe is equally downtrodden. In his recent outing (April 21), governor Lowe proclaimed the Australian central bank's take on ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... RBA to a time limit on this emergency cash rate is an important message to the economy." Kirkham said RBA governor Philip Lowe's objective of generating a sustained inflation rate of 2%-3% per year and an unemployment rate that approaches 4.5%, has provided ...

Chief economist update: COVID-infected Aussie stats trickle in

BENJAMIN ONG  |  WEDNESDAY, 8 APR 2020
... billion on 12 March; $66.1 billion on 22 March; and, $130 billion on 30 March - so far. So much so that RBA governor Philip Lowe is confident that "The coordinated monetary and fiscal response, together with complementary measures taken by Australia's ...

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... exchange settlement balances at 10 basis points instead of zero. When announcing the quantitative measures RBA governor Philip Lowe said that while COVID-19 is a public health issue, the bank was compelled to step-in due to the "very major" impact the ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... and remunerating exchange settlement balances at 10 basis points instead of zero. The move comes after RBA governor Philip Lowe announced on Monday the bank was standing ready "to purchase Australian government bonds". Lowe said that while COVID-19 is ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... central bank to start implementing more drastic measures to offset the economic impact of the virus. RBA governor Philip Lowe said the central bank "stands ready to purchase Australian government bonds." Lowe made the announcement on Monday, following ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
Well, what do you know? Reserve Bank governor Philip Lowe had been right all along in his claim that, "the Australian economy appears to have reached a gentle turning point". The latest Australian National Accounts proved the truth in Lowe's statement. ...