Category Archives: Finance
Resignation: Deputy Governor
Source link – Reserve Bank of Australia Deputy Governor, Guy Debelle, announced today that he was resigning from the Bank, effective Wednesday, 16 March. Dr Debelle will be taking up the position of Chief Financial Officer of Fortescue Future Industries in June. He said: ‘I am honoured and privileged to have worked at the Bank for…
Appointment of Head of Banking
Source link – Reserve Bank of Australia Michael Plumb has been promoted to Head of Banking at the Reserve Bank of Australia. He will take up the position on 7 March 2022 and will report to Michelle McPhee, Assistant Governor (Business Services). Dr Plumb has held a number of senior roles within the Bank….
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The global economy is continuing to recover from the pandemic. However, the war in Ukraine is a major new source of…
Renewal of Bilateral Local Currency Swap Arrangement Between the Reserve Bank of Australia and Bank Indonesia
Source link – Reserve Bank of Australia The Reserve Bank of Australia and Bank Indonesia have renewed the Bilateral Local Currency Swap Arrangement on 18 February 2022. The initial swap agreement between the two central banks was signed in 2015 and has been renewed for three-year periods since that time. As with the previous facility, the…
Payments System Board Update: February 2022 Meeting
Source link – Reserve Bank of Australia At its meeting today, the Payments System Board discussed a number of issues, including: Payments system regulatory reforms. The Board welcomed the Government’s response to the recent reviews and inquiries dealing with the regulatory architecture for payments in Australia. Members discussed a number of aspects of the reform…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10 February. …
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility. It also decided to purchase an additional $100 billion of bonds issued…
Payments System Board Update: February 2021 Meeting
Source link – Reserve Bank of Australia At its meeting today, the Payments System Board discussed a number of issues, including: The Bank’s Review of Retail Payments Regulation. The Board discussed some recent industry developments that are relevant to the Review, particularly relating to dual-network debit cards, least-cost routing, and scheme fees. The staff are…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program….
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program….