Incoming RBA Governor Philip Lowe appeared before the House Standing Committee on Economics this week.
Paul Miller/AAP
The odds are the Fed will raise rates once and the RBA will cut once before the end of the year.
GDP numbers in Australia look good, but when one looks one level below, the picture isn’t so good.
Image sourced from shutterstock.com
The RBA leaves rates on hold, Australia gets a GDP growth spurt from pre-election spending, and the IMF lays the groundwork for a lowering of global growth expectations.
New RBA changes could mean SME’s can’t rely on commercial credit cards to pay suppliers and wait out long payment terms with big business.
JOERG CARSTENSEN/AAP
If the RBA includes commercial credit cards in new caps on interchange fees, small to medium enterprises might not be able to use them as a source of finance.
Glenn Stevens upheld the independence of the RBA in his time as governor.
Mick Tsikas/AAP
Glenn Stevens’ legacy shows how to maintain the independence of the Reserve Bank in crisis as well as the limits of monetary policy.
Much like a Rio Olympics basketball match, the United States’ economy is coming out on top while Australia lags behind.
Jim Young/Reuters
The US economy is improving off the back of jobs figures while in Australia, the government is being warned by the Reserve Bank to step up its game.
The RBA has cut rates to try and stimulate inflation and growth.
Dean Lewins/AAP
Economists are divided on whether the latest interest rate cut to 1.5% was needed, as the RBA tries to boost inflation and growth.
With Australia cutting and the US raising rates the Australian dollar looks likely to fall.
David Gray/Reuters
All economic data is pointing to disappointing global growth.
Reserve Bank of Australia governor Glenn Stevens and his successor should learn from the mistakes of other central banks.
Dean Lewins/AAP
It’s not as easy as increasing quantitative easing when it comes to what central banks can do to address the current global uncertainty.
New rules around what merchants can charge for use of credit or debit cards may be difficult to police.
David Crosling/AAP
The RBA has revised regulations on how much merchants can charge for using a credit or debit card which might make the practise more common.
A cliffhanger.
Reuters/Andrew Yates
Serious problems may loom. And not just from a possible vote from the Brits to leave the European Union.
Incoming RBA governor Philip Lowe
AAP/Alan Porritt
Incoming Reserve Bank governor Philip Lowe will face the challenges of rapid credit and asset prices growth.
Manufacturing makes for good photo ops, but spending by Australian companies is no cause for celebration.
Lukas Coch/AAP
Worse than expected business investment in both manufacturing and mining provides another nod towards secular stagnation.
Westpac Chief Executive Officer Brian Hartzer gave excuses for traders behaviour in regards to the BBSW benchmark.
David Moir/AAP
With all the weight of evidence stacked against the banks in the case of BBSW benchmark, surely now is the time for the government to enforce regulation.
The Reserve Bank of Australia has cut interest rates to 1.75% as an election looms.
Reuters/Tim Wimborne
Fears of deflation have prompted the Reserve Bank of Australia to act on the eve of the federal budget.
Exasperated?
Dan Peled/AAP
RBA Governor Glenn Stevens isn’t buying the secular stagnation theory, lending weight to the deficit hawks.
The RBA puts too much weight on the benefit of a low dollar in the modern Australian economy.
Joel Carrett/AAP
Expect the higher dollar to put strong downward pressure on already low interest rates.
Reserve Bank Governor Glenn Stevens and US Fed Chair Janet Yellen are facing the same problems.
William West/AAP
Both the US and Australia face a global economy that is in deep, deep trouble.
The economic uncertainty index shows there is still a need for strong policy responses to events that shock the economy.
JUSTIN LANE/EPA
The Reserve Bank of Australia has created a new index for uncertainty in the Australian economy based on news, financial indicators and economic variables.
Current conditions make for a wild ride for investors.
Scott Ableman/Flickr
Low inflation gives the RBA scope to cut rates in coming months but a lot will turn on whether we continue to see persistently weak GDP growth.
RBA governor Glenn Stevens said moderate expansion is continuing in the Australian economy.
AAP Image/Lukas Coch
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at a record low of 2%, but said there was scope for a rate cut down the line.