Philip Lowe expects inflation to go as high as 7 per cent, while describing an interest rate of 2.5 per cent as “reasonable”. Governor of the Reserve Bank of Australia (RBA) Philip Lowe has cautioned that interest rates will continue to rise in order to help stem rising inflation, ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision
Number 2022-14 Date 7 June 2022 At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision —May 3 2022
Media Release Number2022-12 At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points. It also increased the interest rate on Exchange Settlement balances from zero per cent to 25 basis points. The Board judged that now was the right time ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision -5th April 2022
Number 2022-11 Date 5 April 2022 At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. Inflation has increased sharply in many parts of the world. Ongoing supply-side problems, ... Read more
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision —1 March 2022
Number2022-05 Date1 March 2022 At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. The global economy is continuing to recover from the pandemic. However, the war in Ukraine is a ... Read more
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision—Feb 1, 2022
Number 2022-02 Date 1 February 2022 At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, with the final ... Read more
CEO Magazine Write-Up
Recent interview with and write-up in the CEO Magazine on our Client Service mindset. Please click on the link below to read this article: CEO Magazine Article on Aziz Meherali ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision — 5 October 2021
Number 2021-22 Date 5 October 2021 At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent maintain the target of 10 basis points for the April 2024 Australian Government ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision
Number 2021-19 Date 7 September 2021 At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent maintain the target of 10 basis points for the April 2024 Australian Government ... Read more
Statement by Philip Lowe, Governor: Monetary Policy Decision
3 August 2021 At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent maintain the target of 10 basis points for the April 2024 Australian Government bond continue to purchase ... Read more
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