Search Results for: Reserve Bank of Australia
Central banks to create full global FX code by May 2017
September 9th, 2015
A committee of major central banks aims to finish work on the first full global code of conduct to regulate the scandal-hit foreign exchange market by May of 2017, officials said on Wednesday. The new code will deal with ...
Morgan Stanley: Central Banks Are Playing a Game of Chess That Results in an Endless Cycle of Easing
September 2nd, 2015
The struggle for inflation is real and strategic After the European Central Bank decided to initiate an asset purchasing program, President Mario Draghi reportedly elected to unwind with a game of chess on his iPad during the plane ride back to ...
Australian dollar hits fresh six-year low as Chinese factories continue to falter
July 24th, 2015
Chinese manufacturing was sluggish for the fifth month running, a new survey shows, while the strengthening greenback sends the Aussie below US73c The Australian dollar fell to a fresh six-year low and stocks across Asia dropped sharply after more ...
Australia’s central bank open to further easing, with caveats
June 10th, 2015
Australia’s central bank said on Wednesday it was “open to the possibility” of more interest rate cuts if needed, while cautioning that ever easier policy had risks given households were already burdened with a large amount of debt. In ...
Iran’s markets opening up for Australia
May 14th, 2015
Bishop’s Tehran visit a sign of things to come Julie Bishop’s recent visit to Iran – the first by an Australian foreign minister in over a decade – marks an important step in the development of relations between the ...
Australia central bank cuts growth forecasts
May 8th, 2015
The Reserve Bank of Australia has lowered its growth and inflation estimates for 2015 and 2016, saying the economy will continue to grow at a subpar rate for a longer than expected period. The Australia dollar had a brief ...
Yuan gains credibility as reserve currency
May 7th, 2015
France’s Credit Agricole Private Banking is advising its clients to add the Chinese yuan to their portfolios as the world’s second-largest economy looks to further liberalise its currency. High net worth individuals in the Arabian Gulf region should consider ...
Chinese, Australian benchmarks lead Asian stock market gains
April 16th, 2015
Most major Asian stock indexes were higher Thursday as Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers and Australian shares rose on a surprise drop in the jobless rate. KEEPING SCORE: Most Asian indexes ...
Bilateral Local Currency Swap Agreement with the People’s Bank of China
April 8th, 2015
The Reserve Bank of Australia has signed a new bilateral local currency swap agreement with the People’s Bank of China (PBC). The agreement, which can be activated by either party, allows for the exchange of local currencies between the ...
ASIC issued a statement regarding Australian Dollar movement
April 7th, 2015
At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged at 2.25 per cent. Following the RBA’s announcement, ASIC has issued a statement regarding: The Commission confirms it will investigate ...
