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.
Continue reading...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.
Continue reading...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.
Continue reading...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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