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Showing 1 - 10 of 95 results for %22Read Governor Lowe%22

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... Albanese and Treasurer Jim Chalmers announced this morning Michele Bullock will take over as Reserve Bank of Australia (RBA) governor from Philip Lowe in September. Chalmers said the government is proud to announce the ninth governor, confirming the ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... today, An RBA fit for future comes amid widespread criticism for the central bank's fiscal response and on the back of governor Philip Lowe's 2020 prediction that rates wouldn't rise until 2024. However, it states: "This Review is not a judgement ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... point it will be appropriate to pause will be determined by the data and the Board's assessment of the outlook," the minutes read. In the five quarters from September 2021 to December 2022, the Consumer Price Index increased by an average of 1.8% per ...

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 ...

Economic recap: Week to November 12

BENJAMIN ONG  |  MONDAY, 15 NOV 2021
... it sees appropriate given current and expected economic and inflation considerations. Reading between the lines of RBA governor Philip Lowe's statement following the November 2 decision, the answer is both. It decided to jump. "The decision to discontinue ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... the rate of $5 billion a week until early September and then $4 billion a week until at least mid November. That's to read, "steady as she goes", wrong-footing speculations that it would, at the very least, postpone the reduction of its government ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... finance, I am not an expert on government policy," Lowe said. "I have a strong interest in the question you ask, so I have read a lot of the reports this government, and others, have commissioned. I can read out the findings of those reports and say ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... of its TFF programme. But make no mistake, the RBA remains resolute in keeping us "alive" now. In his statement, RBA governor Philip Lowe stressed that: "The board is committed to do what it can to support jobs, incomes and businesses in Australia" ...

No such thing as a free lunch: Lowe

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
Reserve Bank of Australia governor Philip Lowe has said the government will likely need to borrow more money, but warned the central bank will not directly provide funding. Giving his annual address to the Anika Foundation, Lowe stressed that while ...

RBA prepares to scale up bond buying

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... developments, the bank has not purchased government bonds for some time, with total purchases to date of around $50 billion," RBA governor Philip Lowe said. "The Bank is prepared to scale-up its bond purchases again and will do whatever is necessary ...
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