Category: RBA

  • Alan Kohler: Possibly the NAIRU is 3.5 per cent

    Australia’s unemployment price fell to three.5 per cent in June 2022 and has roughly stayed there for 12 months. Inflation has not risen, however declined. Within the June quarter of 2022, the Client Worth Index (CPI) elevated 1.8 per cent; on Wednesday we learnt that within the June quarter of this yr it rose 0.8…

  • Memo to RBA: To carry down inflation, we should carry down income

    When Treasurer Jim Chalmers introduced the appointment of Michele Bullock as governor of the Reserve Financial institution, he lauded her “recent perspective”. That’s a stretch, on condition that Ms Bullock has labored on the RBA since 1985. And nobody expects her to vary course on rates of interest, which the RBA hiked 12 occasions since…

  • Alan Kohler: RBA’s in-house agent of change Michele Bullock has been set as much as succeed

    Philip Lowe was successfully sacked as Reserve Financial institution governor for trigger, however paradoxically his legacy might be among the many greatest within the RBA’s historical past. What was the trigger? There have been three: First, his mistake, for which he apologised, in saying the 0.1 per cent money charge wouldn’t change till 2024; second,…

  • Michael Pascoe: The contradictions within the new RBA governor’s appointment

    There are contradictions in Jim Chalmers’ appointment of the brand new RBA Governor that add as much as a suspicion that Treasury desires a quieter, narrower central financial institution – one much less prone to provide any problem to authorities financial coverage. There’s additionally been the sideshow of a perfidious Opposition Chief pulling a profitable…

  • ‘Eminently certified’: Who’s the brand new Reserve Financial institution governor Michele Bullock?

    It’s official – profession RBA economist Michele Bullock will develop into Australia’s subsequent central financial institution boss after Prime Minister Anthony Albanese and Treasurer Jim Chalmers tapped her for the highest job on Friday. Ms Bullock, who will make historical past as the primary feminine governor of the RBA, will exchange long-time chief Philip Lowe…

  • Reserve Financial institution governor pledges ‘important’ overhaul

    Dwell Fewer conferences, post-decision press conferences and extra board member interplay with employees have been given a tick by the governor of the Reserve Financial institution. Philip Lowe has signed off on a spread of suggestions from an unbiased evaluate launched in April. The board will meet eight occasions a 12 months, versus 11, and…

  • Extra fee rises ‘doable’ however RBA’s course unsure

    Dwell Reserve Financial institution governor Philip Lowe says it’s “doable” there shall be additional will increase to rates of interest, regardless of maintaining them on maintain on the final assembly. The governor says it’s unclear if financial coverage has extra work to do, and was “very aware” the total pressure of the tightening so far…

  • Key choice looms on RBA boss Philip Lowe’s future

    Very similar to rates of interest, the way forward for Reserve Financial institution governor Philip Lowe is teetering on a knife’s edge heading into September, with the federal authorities mulling whether or not to interchange the controversial central banker or prolong his time period. In a choice due this month, Cupboard will determine whether or…

  • The Stats Man: The RBA is combating inflation in addition to demographics

    Because it’s mentioned daily within the information, I figured this week we expect via the demographics of rising rates of interest. Keep in mind that this can be purely the demographic perspective and that this column can’t probably do justice to the subject. Let’s lead with the primary takeaway. The Reserve Financial institution of Australia…

  • Money might be nearly gone in Australia in a decade – however like cheques, who’ll miss it?

    Late final yr, the Reserve Financial institution gave 1000 Australians diaries and requested them to file each fee they remodeled the course of per week. Of the 13,000 funds, solely 17 had been with cheques. It has been an astounding collapse. Again in 1980 in the beginning of the bank card period, 85 per cent of…