Search Results for: Reserve Bank of Australia
Asian central banks back in action this week
April 6th, 2015
The week ahead starts with Asian markets digesting the crucial U.S. nonfarm payrolls report, which continued to fuel the ongoing debate over when the Federal Reserve will launch its first interest rate hike. After digesting the U.S. jobs data, ...
Australia’s economy grows 2.5% on year
March 4th, 2015
Australia’s economy grew in line with expectations in the fourth quarter Australia’s economy grew 2.5% in the fourth quarter of 2014 from a year earlier, marking its slowest pace of annual growth last year. The economy grew 0.5% in ...
Central Banks Move to Drive Down Currencies, Yielding Domino Effect
February 9th, 2015
The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world’s economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven ...
Australia central bank acting like it ‘just woke up’
February 6th, 2015
Australia’s record low interest rates are about to head way lower, analysts tell CNBC, as the country’s central bank scrambles to play catch up in the race to the bottom for borrowing costs. “The RBA (Reserve Bank of Australia) ...
Australian dollar hits five-year low, fetching 80.53 US cents
January 5th, 2015
The Australian dollar has plummeted to its lowest level in five-and-a-half years. At noon today, the local currency was trading at 80.95 US cents, down from 81.37 cents on Friday. The Australian dollar briefly dipped as low as 80.53 US ...
Australian dollar unexpectedly falls to four-year low; local market posts first modest gain in over a week
December 17th, 2014
The Australian dollar fell suddenly and inexplicably this afternoon, taking the currency below 82 US cents for the first time in more than four years. The dollar fell more than 0.5 cents against the greenback after lunch, with analysts ...
ESMA to cooperate with regional regulators on Australian CCPs
December 4th, 2014
The European Securities and Markets Authority (ESMA), the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have concluded a Memorandum of Understanding (MoU). The MoU establishes cooperation arrangements between the signatory authorities regarding Central Counterparties ...
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
Australia Needs Stimulus to Avoid Recession, Morgan Stanley Says
November 5th, 2014
Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley (MS:US) said. The nation’s economy will expand just 1.9 percent in 2015, with 1.5 percentage points of that coming from higher ...
Australia’s central bank keeps rates low, consumers encouraged
November 4th, 2014
Australia’s central bank kept interest rates at record lows for a 14th straight policy meeting on Tuesday, saying the stimulus was justified given the outlook for sub par growth even as consumers showed signs of opening their wallets. The ...
