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Australia

Have Australian rates peaked?

The statement accompanying the latest monetary-policy decision of the Reserve Bank of Australia suggests that the central bank's long cycle of monetary tightening may be over.

RBA's Debelle on open market operations

The market turmoil of recent months makes it an opportune time give a speech on how Australia's central bank conducts its open market operations, said Guy Debelle, the assistant governor for financial markets at the country's Reserve Bank.

RBA justifies third-straight rate hold

Australia's monetary-policy makers concluded that, on current policy settings, the necessary moderation in demand growth was likely to occur and so left interest rates unchanged at 7.25% for the third meeting in a row.

Payment systems need more competition: RBA

The Reserve Bank of Australia remains concerned about the competitiveness of the country's payments system, despite improvements, said Philip Lowe, the assistant governor responsible for the financial system at the central bank.

RBA Financial Stability Review

The Australian financial system has coped better with the recent strains than have those of many other countries, notes the latest Financial Stability Report from the Reserve Bank of Australia.

Commodity prices prompted RBA rate rise

The likelihood of rampant commodity price growth over the course of 2008 led the Reserve Bank of Australia to hike rates by a quarter point earlier this month, minutes of the March monetary policy meeting reveal.

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