In its semi-annual Financial Stability Report (FSR), the Reserve Bank of Australia (RBA) noted that it “expected that output will rebound as the economy gradually reopens, reducing the risk to the financial system.” "Risks to financial stability from borrower payment difficulties have generally eased but remain."
Following are the key headlines from the September RBA monetary policy statement, via Reuters, as presented by Governor Phillip Low. "Central scenario is condition for rate rise will not be met before 2024."
Moody’s Investors Service is out with its latest assessment report on the Australian economic recovery, citing the following key highlights. “Australian states' recovery to vary on uneven vaccination rates and reopening hesitancy.”
At their October monetary policy meeting, the Reserve Bank of Australia (RBA) board members decided to keep the official cash rate (OCR) unchanged at a record low of 0.10%. The board decided to maintain the target of 10 basis points for the April 2024 Australian government bond.
Following are the key headlines from the September RBA monetary policy statement, via Reuters, as presented by Governor Phillip Low. "Central scenario is condition for rate rise will not be met before 2024. Committed to maintaining highly supportive monetary conditions."
The Reserve Bank of Australia (RBA) board members kept the official cash rate (OCR) steady at a record low of 0.10% at their September monetary policy meeting. The central bank said that it will continue with the tapering of the bond-buying programme.
Following are the key headlines from the September RBA monetary policy statement, via Reuters, as presented by Governor Phillip Low."Committed to maintaining highly supportive monetary conditions. Purchase government securities at the rate of $4 billion a week and ...
The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.
The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.
Philip Lowe is an Australian economist, born in Wagga Wagga, New South Wales. He is the current Governor of the Reserve Bank of Australia, having succeeded Glenn Stevens on 18 September 2016. He was previously deputy governor under Stevens from 2012.
Lowe on his profile and Wikipedia.
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.