Reserve Bank of Australia (RBA)

RBA on why it kept policy rate unchanged

The Reserve Bank of Australia decided to "pause for a further evaluation" of the economic situation and so leave the cash rate unchanged at 3.25%, according to minutes of the March meeting.

"Leaning against the wind" to rise - Stevens

Glenn Stevens, the governor of the Reserve Bank of Australia, expects the view that monetary policy should "lean against the wind" when asset prices are rising will gain in followers in the aftermath of the current market turmoil.

Phillips curve is flattening

A new paper from the Reserve Bank of Australia finds that the Phillips curve, which measures the relationship between unemployment and inflation, has flattened in recent years.

Nordic banks and RBA join Fed swap club

The Federal Reserve on Wednesday stepped up efforts to counter money market tensions, establishing additional swap lines with the Reserve Bank of Australia and three Scandinavian central banks to meet demand for dollar loans.

Reserve Bank of Australia - Annual Report 2007

The sound position of local banks was a major source of strength for the Australian financial system during last year, said Glenn Stevens, the governor of the Reserve Bank of Australia, in the foreword the central bank's latest Annual Report.

RBA hints at September cut

Ric Battelino, the deputy governor at the Reserve Bank of Australia, on Thursday gave the central bank's strongest sign yet that it will cut rates at its next monetary policy meeting on 2 September.

RBA's Lowe on financial cycles

Proposals for banks to accumulate capital buffers in the good times might help smooth out the swings in the credit cycle, said Philip Lowe, an assistant governor of the Reserve Bank of Australia.

RBA looking to lower rates

The Reserve Bank of Australia has reiterated that it will soon cut its key rate, now at a 12-year high, on signs that high borrowing costs are now curbing domestic demand.

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