Reserve Bank of Australia (RBA)
Australia to shift 5% of foreign reserves to China
Deputy governor Philip Lowe reveals the Reserve Bank of Australia will invest around 5% of its foreign exchange reserves in China; Asian economists divided over significance of move
RBA counter-cyclical moves will be 'inevitable', says Commonwealth Bank economist
RBA monetary policy minutes released yesterday say scope remains for rate cuts later this year; commentators expect macro-prudential tools to 'become inevitable' to avoid a housing bubble
RBA assistant governor says investment boom is inflating currency
Guy Debelle says the growing resource sector is being funded by capital inflows, which are contributing to a higher-than-expected Australian dollar
Australia shuffles top managers but governor Stevens stays on
RBA governor Stevens reappointed for three more years, while Wayne Byres moves from Basel Committee to head up prudential regulator Apra
RBA governor sees scope for further monetary easing
Glenn Stevens explains rate hold at 3%, but says there is scope for further easing as growth undershoots target
Australian banks ‘relatively strong’, says RBA
Reserve Bank of Australia’s latest financial stability review finds banks’ profits and capital levels are increasing; real economy suffering from high exchange rate
Australia adjusting well to ‘profound impact’ of strong Asian growth, says paper
Research examines consequences of strong Asia-Pacific growth on Australian economy, finding currency appreciation and anchored inflation helped economy adjust
RBA deputy governor says record low rates are beginning to work
Philip Lowe defends six rate cuts since November 2011, saying there are signs the Australian economy is beginning to respond to the stimulus; urges patience while effects feed through
RBA targeted by cyber attacks
Reserve Bank of Australia reveals it has been the victim of cyber crime; consults with government intelligence agencies over appropriate defence strategies
Australian banks propose ‘layered' high-speed payments system
Industry body presents ‘fast payments solution' based on core infrastructure and additional services; RBA describes proposals as ‘substantial initial progress'
RBA minutes warn growth may wobble in 2013
Minutes suggest economy is struggling to rebalance away from mining as peak in resource investment approaches, but low inflation gives room for further rate cuts
RBA offloads stake in scandal-hit Securency
Reserve Bank of Australia sells its shares in company embroiled in bribery scandal; central bank oversight of firm found to be appropriate
RBA holds rates but suggests cuts could follow
Reserve Bank of Australia holds interest rate at 3%; governor says stable inflation would allow board to make cuts and boost demand if needed
RBA paper investigates post-crisis leap in currency demand
Despite government deposit guarantee, demand for Australian banknotes increased by 12% following Lehman Brothers collapse
RBA’s Stevens addresses growing importance of policy spillovers
Australia’s Glenn Stevens says policy-makers are becoming increasingly aware of the need to consider the wider impact of domestic decisions, although discussion is in its infancy
RBA revamps clearing and settlement to meet FMI standards
Reserve Bank of Australia releases final rules for clearing and settlement to bring them up to date with new FMI standards
RBA cuts rates to three-year low
Reserve Bank of Australia lowers rates despite growth near to trend and inflation likely to overshoot target in short run; dollar strengthens against greenback
RBA takes action to cut interchange fees
Reserve Bank of Australia reduces interchange fee cap for Eftpos payments system by 30% to 12 cents; move follows swingeing cut in 2006
Robert Pringle’s Viewpoint: How governments are undermining world finance
Central bankers need to forcefully express their concerns about the unintended consequences of new regulatory policies
RBA moves closer to implementing real-time payments system
Reserve Bank of Australia publishes criteria for proposals of real-time consumer and business payments provision following consultations with the industry
RBA’s Stevens plays down Australian growth problems
Glenn Stevens calls talk of an end to the mining boom ‘over-hyped’, while the Chinese economy is not as weak as feared and there are some signs of a recovery in domestic demand
RBA’s ability to forecast put on trial
Discussion paper finds RBA forecasts inflation more accurately than GDP growth
Bank safety depends on more than high capital, says RBA’s Ellis
Reserve Bank of Australia’s Luci Ellis says higher capital levels alone do not guarantee a bank is safer than its competitors; depends on business model and risk attitudes
RBA seeks more transparency in securitisation market
Reserve Bank of Australia assistant governor says new information requirements in the securitisation market will enable financial institutions and investors to better assess risk