Australia
RBA's Stevens on the Asian crisis
The Asian crisis dramatically changed thinking about the nature of economic and financial crises, the policies for dealing with them, and the role of the various bodies charged with fostering economic and financial stability, explains Glenn Stevens, a…
Australia also wants wider net for Fund leader
Peter Costello, the Australian federal treasurer, has joined the international chorus urging a departure from tradition in the selection of the next head of the International Monetary Fund.
No change in Australian interest rates
The Reserve Bank of Australia has left interest rates unchanged at 6.25%, where they have remained since November 2006. The decision was widely expected.
The "butterfly effect" of small economies
This Reserve Bank of Australia Working Paper studies the implications of foreign-induced indeterminacy for the conduct of monetary policy in a small open economy.
RBA's Lowe on the 2007/08 review of payments
Speaking at the 4th International Consumer Credit Card Summit in Sydney, Philip Lowe set out the Payment System Board's plans for its review this year.
Stevens raises inflation spectre
Inflation is more likely to rise during 2008 than to recede, according to Glenn Stevens, the Governor of the Reserve Bank of Australia.
Australia keeps rate at six-year high
Glenn Stevens, Governor of the Reserve Bank of Australia, announced on 6 June that the central bank would keep its benchmark interest rate unchanged for the sixth meeting in succession. Rates remain unchanged at a six-year high of 6.25%.
Australia's payments system review
The Reserve Bank of Australia formally initiated a consultation process for the review of its payments system on 29 May, with the release of a paper titled 'Reform of Australia's Payments System: Issues for the 2007/08 Review.'
RBA appoints head of domestic markets
The Reserve Bank of Australia announced Monday 14 May that John Broadbent would be appointed as Head of Domestic Markets Department.
RBA's Lowe on non-banks in the payments system
In the speech 'Non-banks in the payments system: A central bank perspective' given on 4 May Philip Lowe of the RBA said our approach to oversight has focused on the various functions involved in making a payment from one person to another.
RBA Statement on Monetary Policy, May 2007
The Reserve Bank of Australia published its May 2007 Statement on Monetary Policy on 4 May. In the report the RBA said risks to inflation are broadly balanced with underlying inflation expected to fall back to around 2.5% in the next few quarters.
RBA paper on forecasting with factors
The Reserve Bank of Australia Research Discussion Paper "Forecasting with factors: The accuracy of timeliness" demonstrates that factor-based forecasts for key Australian macroeconomic series can outperform standard time-series benchmarks.
RBA announces senior staff movements
The Reserve Bank of Australia announced Friday 5 April that Keith Hall, currently Head of Financial Stability Department, will take up the position of Head of International Department, which became vacant on the appointment of Guy Debelle as Assistant…
RBA's Ryan on the kangaroo bond market
In the speech 'Some general observations on the kangaroo bond market' given on 29 March Chris Ryan of the Reserve Bank of Australia said there are some clearly identifiable factors behind the particular strength in the Kangaroo bond market in recent…
RBA appoints new deputy governor
The Reserve Bank of Australia announced Wednesday 28 March the appointment of Dr Guy Debelle as assistant governor for financial markets.
RBA Financial Stability Review, March 2007
The Reserve Bank of Australia published the March 2007 edition of its Financial Stability Review on Monday 26 March. There are few risks to financial stability with the level of problem loans quite low and households adopting a cautious approach to their…
RBA's Edey on Australia in the global economy
In the speech 'Australia in the global economy' given on 16 March Malcolm Edey of the Reserve Bank of Australia said Australia's underlying inflation level is still expected to decline slightly over the next two years to around 2.75 pct which is higher…
RBA's Edey on the Australian economy in 2007
In the speech 'The Australian economy in 2007' given on 7 March Malcolm Edey of the RBA said Australia's economy is expected to be underpinned in the short-term by still solid world economic growth, especially resource exports to China and India.
Goldman Sachs role for ex-RBA chief
Global investment bank Goldman Sachs said on Monday 5 March that former Reserve Bank of Australia governor Ian Macfarlane, will join its ranks as an international adviser.
RBA's Stevens on the Australian economy
In a speech to the House of Representatives given on 21 February Glenn Stevens of the RBA said it is more likely that interest rates will rise than fall although the central bank is more comfortable with the outlook for inflation than it was six months…
Russia reiterates reserve diversification idea
The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.
RBA's Battellino appointed deputy governor
The Australian government appointed Ric Battellino as deputy governor of the Reserve Bank of Australia on Wednesday 14 February for a five-year term.
RBA Statement on Monetary Policy, February 2007
The Reserve Bank of Australia published its February 2007 Statement on Monetary Policy on 12 February. In the report the RBA cut its inflation forecast for 2007, saying three interest-rate increases last year may have contained price pressures.
Ex-RBA chief joins Woolworths board
Woolworths has appointed former Reserve Bank of Australia governor Ian Macfarlane to its board, the company said in a statement on Tuesday 30 January.