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Search ResultsShowing 1 - 10 of 100+ results for "RBA"
Chief economist update: RBA promises support over the next three years
BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
"Come on, Barbie, let's go party" ... until 2024. In Reserve Bank of Australia (RBA) parlance: "The board is committed to maintaining highly supportive monetary conditions until its goals are achieved. The board will not increase the cash rate until ...
Chief economist update: Australia's virtuous cycle keeps on turning
BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... OECD upgraded Australia's 2021 GDP growth forecast by 1.3 percentage points to 4.5%. With the Reserve Bank of Australia (RBA) maintaining its guidance to provide continued policy support, the AztraZeneca COVID-19 vaccine being produced locally by ...
Chief economist update: What a difference an Australian year makes
BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... worst and the rate of joblessness higher had it not been for the Morrison government and the Reserve Bank of Australia's (RBA) swift and forceful responses. JobKeeper, JobSeeker, Homebuilder, among others, and the RBA's stimulative policies -- ...
Must prepare for demise of LIBOR: RBA
ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
The Reserve Bank of Australia (RBA) has told financial institutions they must be prepared for the "imminent demise" of LIBOR. RBA assistant governor (financial markets) Christopher Kent said as the deadline for LIBOR is fast approaching, financial institutions ...
Economic recovery has been stronger than expected: Lowe
ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges ...
The Great Australian Rebound
BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... a lotta consumer spending coming before savings return to its 30-year average of 5.1% Of course, as Reserve Bank Governor (RBA) Philip Lowe warned in his statement following the conclusion of the bank's 2 March Board meeting, "the path ahead is likely ...
Chief economist update: Getting better, but not better enough
BENJAMIN ONG  |  WEDNESDAY, 3 MAR 2021
... economic outlook as central banks watch "through the looking glass". This sentiment is echoed by the Reserve Bank of Australia (RBA). In its March 2 meeting, where it kept policy unchanged, the Australian central bank declared that: "The outlook for ...
Chief economist update: Fed fights back bond bears
BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... in its fight against COVID-19. But we don't have to go so long and faraway for our very own Reserve Bank of Australia (RBA). Our dear central bank has increased debt purchases in efforts to keep interest rates low. According to Reuters, the Australian ...
Chief economist update: Australia's virtuous cycle
BENJAMIN ONG  |  THURSDAY, 25 FEB 2021
Even before the coronavirus vaccine was injected before Australian Prime Minister Scott Morrison's arm a day before the national roll-out on the 22nd of February this year, this 'Land Down Under' has already been returning to pre-covid normality. ...
Chief economist update: Australia's not jobless recovery
BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
It's only been only two weeks since the Reserve Bank of Australia (RBA) provided a more optimistic assessment of and outlook for the domestic labour market. In its February 2021 'Statement on Monetary Policy' (SoMP), the RBA declared that ...
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