Reserve Bank of Australia (RBA)
Central banks have ‘irreducible’ role in financial stability
Reserve Bank of Australia assistant governor Malcolm Edey says central banks are entwined with financial stability whether or not they have formal prudential powers
Lowe airs concerns about ageing population
RBA deputy says Australian population could become ‘inherently more risk averse’ as it ages, which could make it harder for the economy to generate productivity growth
RBA takes next step in opening up payments market
Shake-up of access regimes aims to give more room for competition in the Australian payments market; proposed changes still need amendments to legislation to go ahead
Stevens dismisses concerns over Australia’s higher inflation target
RBA governor and deputies grilled over appropriateness of higher inflation target than most advanced economies; questions also raised on credit growth, competitiveness and the move away from mining
Australia, Korea strike $5 billion swap deal
Glenn Stevens and Choong Soo Kim sign the countries’ first swap arrangement on the sidelines of the G-20 meeting as they look to promote bilateral trade
RBA assistant governor says weaker Aussie dollar 'not surprising'
Transition of Australia's mining boom from 'investment to production phase' helps explain the currency's depreciation, says assistant governor Christopher Kent
Debelle and Fisher to head up FSB FX benchmarks review
RBA deputy governor and Bank of England head of markets will lead a review at the FSB, and present findings to G-20 Brisbane conference in November
IMF sees ‘limited scope’ for RBA rate cuts
Article IV staff report says Reserve Bank of Australia’s accommodative monetary policy is ‘broadly appropriate’ but warns the central bank could struggle to offset further shocks
RBA changes tune on cash and exchange rates
Reserve Bank of Australia hints at a ‘period of stability’ in interest rates and welcomes the weaker Australian dollar
RBA inflation target mitigated terms of trade macro shocks
Researchers at the Reserve Bank of Australia argue that the country’s inflation targeting framework helped to mitigate the macroeconomic consequences of the recent terms of trade boom
RBA bulletin considers CCP resolution
Reserve Bank of Australia quarterly bulletin features an article on the recovery tools and resolution regimes that could be employed when central counterparties suffer losses
RBA's Stevens says 2013 ‘not as bad as feared'
Reserve Bank of Australia governor tells parliamentarians there will be turbulence ahead when the Fed starts to ‘taper'; reminds that monetary policy alone cannot kick-start economic growth
Liquid liabilities to become more expensive as a result of Basel III, says RBA's Debelle
New liquidity rules will make liabilities with less than 30 days to maturity more costly for banks to provide, making it a more expensive liquidity service for customers to obtain, says RBA assistant governor
Australia PM adds to RBA intervention momentum
Tony Abbott says central bank has sufficient reserves to 'intervene prudently and appropriately' in forex markets; Glenn Stevens 'suspects' the market will spare the RBA the need to act
RBA economists examine effects of price shock on ‘endogenous reserves'
When a small open economy depends on non-renewable resources to a large degree, the effects of a shock to the prices of those resources are amplified, paper finds
RBA paves way for new entrants in card systems
Reserve Bank of Australia wants to facilitate new entrants into Australia’s credit and debit card systems; plans to let MasterCard and Visa set the eligibility criteria
Financial crisis hit Australian inventories, paper finds
RBA researcher tests theory that tight credit conditions caused Australian companies to reduce their inventories, and includes a case study on the automotive industry supporting the hypothesis
RBA’s Stevens laments ‘uncomfortably high’ currency
Reserve Bank of Australia governor Glenn Stevens says the Australian dollar is still too strong, despite depreciation against the US dollar
Reserve Bank of Australia deputy governor targets productivity boost
Philip Lowe says the country will need a ‘substantial increase’ in productivity growth if it is to replicate the rapid growth in real per capita income achieved in the past two decades
RBA 'open-minded’ to currency intervention
Reserve Bank of Australia governor Glenn Stevens says the central bank would consider intervening in the exchange rate, and insists it ‘remains part of the toolkit’
RBA's Debelle backs Mundell-Fleming model
Reserve Bank of Australia assistant governor tells IMF annual conference that recent papers have failed to convince him to abandon traditional models of exchange rate effects
RBA monetary policy statement says currency is too strong
Depreciation of the Australian dollar to the start of August has since been undone by the postponed Fed taper and positive Chinese data; weaker dollar will be needed to achieve balanced growth
RBA's Stevens says exchange rate disconnected from fundamentals
RBA governor Glenn Stevens says Australia's current exchange rate is not supported by the country's relative levels of costs and productivity
RBA paper supports CCP interoperability
Researchers weigh the benefits of increased netting across linked central counterparties against the potential costs arising from the bilateral exposures each link creates