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Showing 1 - 10 of 78 results for "RBA Board"

RBA names new chief economist

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
... said. "She will bring a unique and diverse perspective to the Bank and the leadership team." Today, Bullock and the RBA board agreed to a new Statement on the Conduct of Monetary Policy released by treasurer Jim Chalmers. This statement reaffirms the ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
... by the Reserve Bank of Australia (RBA) on Melbourne Cup Day as near certain. Miller pointed out that the most recent RBA board meeting indicated a lower tolerance for a sluggish return of inflation to target levels; and given the slower-than-anticipated ...

Bullock keeps cash rate at 4.10%

KARREN VERGARA  |  WEDNESDAY, 4 OCT 2023
... predicts a 0.25% hike in the last quarter of 2023, potentially in the November meeting. "We expect that next week the RBA board will discuss the possibility of hiking by 25bps in October but opt to hold steady as it waits for more information on prices," ...

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
Reserve Bank of Australia (RBA) governor Philip Lowe has announced significant changes that will be implemented by the central bank in response to the recent review of its processes. In what is potentially his last speech as governor, Lowe explained ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... its decisions independently... I try not to pre-empt those decisions or second guess those decisions," he said. "They [RBA board] will weigh up the fact that inflation is moderating in our economy. They've got a job to do, and they can explain their ...

Reserve Bank raises cash rate to 3.85%

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
The Reserve Bank of Australia (RBA) has opted to increase the cash rate target to 3.85%. Meeting today, the RBA board chose to go with a 25 basis point increase, and also increased the rate paid on Exchange Settlement balances by 25 basis points to ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... Economics lead economist Angela Jackson said: "The latest inflation figures will provide enough justification for the RBA board to move again on rates, with services inflation in particular likely to weigh heavily on their decision." The RBA will make ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... former Fair Work Commission president Iain Ross and former AustralianSuper chair Elana Rubin as part-time members of the RBA board has sparked debate. Following the release of the review of the Reserve Bank of Australia (RBA) yesterday, which made 51 ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... 294-page document suggests a raft of extensive changes, the most significant of which is a recommendation to split the RBA board in two - much like the structure of the Bank of England and Bank of Canada. This would see the creation of a Monetary Policy ...

Purpose of pause to gather more data: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... conditions, and further information on developments in the global economy and financial markets," the minutes said. The RBA board recognised the strength of both sets of arguments, but on balance agreed that there was a stronger case to pause at this ...
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