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| | ... His current five-year term as a part time member on the board waws due to expire on August 30. Meanwhile, RBA deputy governor Michele Bullock has said that, in aggregate, households are well positioned for further interest rate increases. Bullock said ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... growth in the next two years. At the UBS panel discussion of central banks and inflation, Reserve Bank of Australia (RBA) governor Phillip Lowe commented: "I'm not expecting a recession but we're on a narrow path." "Like other countries we're having ... |
| | | ... 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 ... |
| | | ... 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 ... |
| | | ... unemployment rate was close to 7% and inflation was well below its target band. At the KangaNews DCM Summit, assistant governor Christopher Kent explained that the decision to now cease the purchases under the program came down to three criteria. Most ... |
| | | ... 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 ... |
| | | ... 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. ... |
| | | ... 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 ... |
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