Category Archives: Reserve Bank of Australia

Reserve Bank may create money to boost economy when rates drop to 0.25%

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Governor Philip Lowe says quantitative easing ‘could help’ but it is ‘not on our agenda at this time’

The Reserve Bank may create money to buy government bonds if it runs out of levers to boost the economy when it drops the official interest rates to 0.25%, its governor, Philip Lowe, has said.

Lowe told the Australian Business Economists dinner in Sydney on Tuesday that quantitative easing “could help” if further interest rate cuts and fiscal stimulus failed to boost the economy although it was “not on our agenda at this point in time”.

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Former Reserve Bank governor says interest rate cuts have ‘done everything they can do’

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Ian Macfarlane says Australia facing the ‘most perplexing and difficult’ era for monetary policy ever

Former Reserve Bank governor Ian Macfarlane has weighed into the debate over interest rates, believing any further cuts will have very little power to do anything useful.

The central bank cut the official cash rate to a record low of just 0.75% this week, the third reduction in a matter of months.

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Reserve Bank warns climate change posing increasing risk to financial stability

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RBA says it is becoming increasingly important for investors and institutions to actively manage carbon risk

Australia’s central bank has delivered a clear warning that climate change is exposing financial institutions and the financial system more broadly to risks that will rise over time if action isn’t taken.

The RBA’s financial stability review, released Friday, concluded that while climate change is not yet a significant threat to financial stability in Australia, it is becoming increasingly important for investors and institutions to actively manage carbon risk.

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Reserve Bank governor calls for more federal spending to boost economy

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Philip Lowe urges government to invest in infrastructure after bank cut official interest rates to record low of 1%

The Reserve Bank governor, Philip Lowe, says two interest rate cuts in as many months should put the economy on a “better path” but he has again called on the government to pull its weight.

The RBA on Tuesday cut the official cash rate to a fresh record low 1% and left the door open for another before Christmas as global trade uncertainty and low wage growth continues to weigh on inflation.

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Federal election 2019: Scott Morrison egged by protester in Albury – politics live

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Prime minister blames ‘cowardly activists’ after egg misses his head. The economy is again in the spotlight, as both parties wait to hear if the bank will cut interest rates. All the day’s events, live

Prime Minister attacked by a protester at the Country Women’s Associations meeting in Albury. The egg missed his head, but the vision shows that her hand did not. @9NewsBorderNE #9NewsAt6 pic.twitter.com/Bvg0rITray

AAP has also reported the woman accused of attempting to egg the prime minister was protesting against the government’s asylum seeker policies:

Outside the venue, the protester told reporters she didn’t mean to knock the other woman down.

“I don’t want to give a report, no thank you. I’ve got to go to work. No comment,” she told reporters.

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Corzine: MF Global’s demise was not due to big bond bet

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It was not a huge bet on European bonds that caused the 2011 demise of Wall Street brokerage firm MF Global, but rather "confusion" created by its accountants about the company's financial condition, former New Jersey Gov. Jon Corzine testified on Thursday. Corzine, who ran MF Global after leaving the governor's office, took the stand in a New York trial pitting the legal remnants of the collapsed brokerage against its accounting firm, PricewaterhouseCoopers.

Former NJ Governor Corzine testifies in MF Global trial

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Former New Jersey Governor Jon Corzine has begun testifying in the $3 billion trial between the brokerage he once ran, MF Global, and its accounting firm, PricewaterhouseCoopers. The legal remnants of the brokerage are suing the accounting firm, claiming that its negligence and malpractice led to the collapse of MF Global.

Oscars debacle hovers over trial between PwC and MF Global

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In this Thursday, Dec. 15, 2011, file photo, former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testifies on Capitol Hill in Washington, before the House Financial Services Committee. The dispute between brokerage firm MF Global, run by former New Jersey Gov. Jon Corzine, and the accounting firm PwC goes to trial Monday, March 6, 2017.

Corzine to pay $5M penalty to resolve MF Global case

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Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds. A federal court in Manhattan on Thursday granted the order against Corzine to the U.S. Commodity Futures Trading Commission, which brought civil charges against him in 2013.