Philip Lowe
RBA’s Lowe admits inflation models need rethink
Governor acknowledges forecasting mistakes but rejects calls to resign
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Australian government will map crypto asset holdings
Move is necessary to oversee “largely unregulated” crypto sector, finance minister says
RBA sets up new panel of private-sector economists
Expert panel will meet at least twice a year; move follows “embarrassing” forecasting issues
RBA hits out at further delay to new clearing system
Blockchain-based system for Australian Stock Exchange won’t be operational until at least late 2024
Australian government to review RBA mandate and governance
Review will look into the board structure and performance, after RBA suffers criticism over policy choices
People: Saudi Central Bank appoints two vice-governors
BIS names heads of key committees; senior officials quit US Office of the Comptroller of the Currency
RBA raises interest rate by 50bp
Move marks a total of 125bp of increases since May
Exit from bond yield target was ‘disorderly’, admits RBA
Central bank says it is unlikely to use yield curve targeting again
People: April to June 2022
A round-up of central bankers in the news and on the move during the past three months
RBA halts asset purchases
Australian central bank maintains interest rates at 0.1%
Low unemployment rate will be learning experience for RBA – Lowe
Central bank maintains it will not raise rates until 2024, unless forecasts turn out “very differently”
RBA drops yield curve control
Lowe acknowledges messy market conditions after yields broke free late last week
Central bank communications ‘after’ Covid
From crisis responses to coping with sudden digitisation, Covid-19 forced central bank comms teams to innovate fast. How much of it will stick?
OECD urges RBA to review policy framework
Recommendation comes just weeks after governor dismissed the idea
RBA will not raise rates to cool housing market – Lowe
Governor says central bank is not responsible for fixing structural issues in the housing market
RBA delays bond purchase review until 2022
Central bank pushes back review as new Covid outbreak threatens to delay recovery
RBA governor dismisses calls for policy review
Opposition politician criticises central bank for frequently missing inflation target
RBA adjusts yield curve control as economy recovers
Australia “no longer looking over a cliff”, says governor Philip Lowe
RBA boosts bond-buying to defend yield curve target
Governor says the central bank can increase purchases further if needed
Big tech poses a risk to competition in payments – RBA’s Lowe
Regulation has not adapted to advances in technology, governor says
RBA board not expecting to raise rates for three years – Lowe
Australian central bank leaves rates unchanged as governor forecasts unemployment will fall slowly
RBA cuts rate and ramps up yield curve control
Economy is rebounding but central bank is worried about high unemployment
Labour market situation is ‘complicated’ – RBA’s Lowe
Unemployment likely to worsen despite initial signs of recovery, governor says