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Reserve Bank of Australia

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Financial markets are 'dropping their bundle': Reserve Bank boss Glenn Stevens

Sydney Morning Herald - ‎14 hours ago‎
Financial markets are "dropping their bundle" but it's unclear whether the volatility will hurt the Australian economy, Reserve Bank governor Glenn Stevens says.
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RBA keeps rate steady, signals door open to further cuts on BoJ move

The Australian Financial Review - ‎Feb 1, 2016‎
The Reserve Bank of Australia has conceded it is watching for evidence that last month's global financial turmoil may derail a recovery or blunt jobs growth, while expressing confidence the economy is strengthening.
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Reserve Bank says it has room to cut rates further

The Australian (subscription) - ‎13 hours ago‎
Amid the volatility, and the “unexpected strength” of Australia's jobs market, the RBA says it has the flexibility to ease rates further after keeping the official cash rate at a record low 2 per cent this month.
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RBA cautiously upbeat on Australian economy

ABC Online - ‎Feb 4, 2016‎
The Reserve Bank has delivered a cautiously upbeat report card on the Australian economy in the face of global financial turmoil. But the Reserve Bank of Australia (RBA) repeated that despite local optimism, uncertainly about the outlook for China and ...

Reserve Bank of Australia Leaves Cash Rate Target Unchanged

Wall Street Journal - ‎Feb 1, 2016‎
SYDNEY—Australia's central bank again left interest rates at a record low 2.0% in February, but left open the door open to cut again this year if the economy falters or is sideswiped by global market turbulence.
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Reserve Bank's inaction on rates is the right action this time

Sydney Morning Herald - ‎Feb 1, 2016‎
The Australian dollar was US73.43¢ on December 1. It went as low of US68.5¢ in mid January as the China growth scare roiled the markets but was back around US71¢ before the Reserve's meeting on Tuesday. It rose a quarter of a cent on the news, and ...
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Commonwealth Bank of Australia first-half profits to exceed $4.7b

Sydney Morning Herald - ‎Feb 6, 2016‎
CBA's December half result should provide a guide of how much it has been able to shield earnings from these pressures through "repricing": raising interest rates independently of the Reserve Bank or not passing on RBA cuts in full. As the country's ...
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banks gripped in bear hug

Sydney Morning Herald - ‎48 minutes ago‎
Margins were flat - even though CBA raised mortgage rates twice without any move from the RBA last year - and cost growth was strong at 6.1 per cent.

need2know: RBA decision day

Sydney Morning Herald - ‎Feb 1, 2016‎
Local shares are poised to open slightly lower ahead of the latest RBA rate decision. The $A has edged higher. What you need2know.
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Explainer: What might upset Australia's 'rock solid' banks

International Business Times AU - ‎14 hours ago‎
As the Reserve Bank of Australia cash rate has fallen, banks have been quick to cut the rates offered to savers, but slow to pass on the rate decrease to borrowers (if they have done so at all).
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stocks slump 1pc at the open

The Australian (subscription) - ‎14 hours ago‎
Wall Street fell more than 1 per cent while European bourses were 2 to 4 per cent off after Dr Yellen revealed the US central bank would retain the option to retreat to negative interest rates should economic conditions worsen.
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Fear pulls ASX deeper into bear market territory

Sydney Morning Herald - ‎7 hours ago‎
ANZ Banking Group was down 8 per cent to $22.18, and National Australia Bank was down 8.8 per cent to $24.14. Reserve Bank of Australia governor Glenn Stevens' assurance on Friday that funding markets were stable did little to alleviate the stress and ...

Aust share market opens lower - The West Australian

The West Australian - ‎13 hours ago‎
Meanwhile, investors are closely watching comments by Reserve Bank of Australia governor Glenn Stevens who has said the RBA has room to cut interest rates again if necessary as it watches the impact of recent global market volatility. KEY FACTS: At ...
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Australian dollar drops as investors pile into bonds

Sydney Morning Herald - ‎Feb 8, 2016‎
The Aussie's resilience appears to be at odds with market pricing on interest rate expectations. Citi data on interest rate futures shows the chances of a cash rate cut - to 1.75 per cent - is at 100 per cent for the August meeting of the Reserve Bank ...

Make the biggest dent to your home loan

Herald Sun - ‎8 hours ago‎
The Reserve Bank of Australia kept the cash rate on hold at two per cent this month and economists remain divided on whether they'll be another rate cut this year.
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Markets are losing faith in central banks

Business Spectator - ‎8 hours ago‎
As the outlook for global growth darkens, markets are questioning whether the Fed can keep rates positive while other global central banks experiment with subzero policy - effectively penalising savers for saving. In Australia, the Reserve Bank is a ...

What might upset Australia's 'rock solid' banks - ‎15 hours ago‎
As the Reserve Bank of Australia cash rate has fallen, banks have been quick to cut the rates offered to savers, but slow to pass on the rate decrease to borrowers (if they have done so at all).

DIARY-Top Economic Events to Feb 24

Reuters - ‎14 hours ago‎
TUESDAY, FEBRUARY 16 WASHINGTON - Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution - 1530 GMT. SYDNEY - Reserve Bank of Australia will release the minutes of February monetary policy meeting - 0030 GMT.
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Credit crunch hits record high - ‎7 hours ago‎
Australians now owe $52.06 billion on cards - a climb of 1.6 per cent from December 2015 when the nation owed a whopping $51.26 billion.
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Central banks court danger with desperate measures

The Australian Financial Review - ‎7 hours ago‎
That is the last thing that central banks want. Reserve Bank governor Glenn Stevens on Friday concluded that "markets are dropping their bundle".