Australia
Look to Asia, urges RBA chief
Reserve Bank of Australia governor Ian Macfarlane has said that itsi time to look again at Asia's place in the economic future of Australia, ABC News reports.. Delivering a lecture in Sydney, he said that now the dust of the Asian crisis had largely…
Documents show RBA basement holds huge wine cellar
Documents obtained under Freedom of Information laws show the Reserve Bank of Australia houses a $100,000 wine cellar in the basement of its Sydney headquarters alongside vaults guarding Australia's reserves. RBA secretary David Emmanuel defended the…
RBA credit card reforms: Visa/Mastercard to appeal
Visa and Mastercard said on Thursday 9 October that they would appeal against last month's Federal Court ruling which upheld credit card reforms by the Reserve Bank of Australia, according to a report by Dow Jones. Visa said that the RBA regulations give…
Australia's reserve bank holds rates steady again
The Reserve Bank of Australia held interest rates unchanged for the sixteenth month in a row on Wednesday 8 October, according to Pacific Business News. The rate remained at 4.75 per cent despite fears of a housing bubble.
Aus dollar up as RBA ponders rate rise
The Australian dollar rose sharply higher on speculation that the Reserve Bank of Australia would raise interest rates on Wednesday 8 October for the first time in 15 months, the Daily Telegraph reported. However traders dismissed the talk, saying the…
RBA Payments System Board Annual Report 2003
The Reserve Bank of Australia Payments System Board has published its Annual Report for 2003. The Board has used two main techniques to assess the efficiency of the Australian payments system, the Annual Report says. The first has been to look at the…
RBA, Council of Financial Regulators Annual Report
The 2002 Council of Financial Regulators' Annual Report was released by the Reserve Bank of Australia, 25 September. The powerful Council of Financial Regulators - made up of the Reserve Bank, the Australian Prudential Regulation Authority and the…
RBA bests Visa/Mastercard in court
The Reserve Bank of Australia has overturned a legal challenge to its regulation of credit card giants Visa and Mastercard in a landmark decision delivered in Sydney yesterday.
Ruling due on RBA credit card reforms
After a six-week hearing and nearly two and a half months of deliberations, Justice Brian Tamberlin is expected to hand down his decision on Friday afternoon on the legality of the Reserve Bank of Australia's credit card industry overhaul, reports The…
RBA's Stevens on Economic Conditions and Prospects
In a speech on 'Economic Conditions and Prospects' given on 17 September, Glenn Stevens of the Reserve Bank of Australia said thatthe world economy is still not entirely in the clear, but is better than it was, and a fair bit better than it might have…
RBA signals no more interest rate cuts
Reserve Bank of Australia deputy governor Glenn Stevens said on Wednesday 17 September "Although in early June a case to ease looked like it was building, it had not strengthened sufficiently by the time of the July meeting to warrant action", reports…
Reserve Bank of Australia - Annual Report 2003
The Reserve Bank of Australia has published its Annual Report for the year ended 2003. In the Governor's Foreword Ian Macfarlane said although there were no changes in monetary policy, the RBA's operations in financial markets were at least as active as…
Stevens on structural change and monetary policy
In the speech 'Structural Change and the Conduct of Monetary Policy' given on 30 August Glenn Stevens of the Reserve Bank of Australia said central banks have routinely to be on the look out for the sorts of changes which, while leaving ultimate…
RBA asset bubbles conference
The Reserve Bank of Australia 2003 conference, 'Asset Prices and Monetary Policy', was held at the H.C. Coombs Centre for Financial Studies, in Sydney on 18 and 19 August 2003. The conference focused on the implications of asset price booms for the…
RBA Conference on Asset Prices and Monetary Policy
The Reserve Bank of Australia's 2003 conference, 'Asset Prices and Monetary Policy', will be held at the H.C. Coombs Centre for Financial Studies, in Sydney on 18 and 19 August 2003. The conference will focus on the implications of asset price booms for…
RBA's Macfarlane: Financial Stability Discussion
In his Introduction to a Panel Discussion on Financial Stability: Consilium given on 9 August Ian Macfarlane of the Reserve Bank of Australia said because of the improvement in banks' risk management and bank supervision, we have not even been close to…
RBA Statement on Monetary Policy, August 2003
The Reserve Bank of Australia released its August 2003 Statement on Monetary Policy on 11 August. While the Australian economy remains in a position to perform relatively well against a weak international background, the pace of growth of the non-farm…
RBA keeps interest rates unchanged at 4.75%
The Reserve Bank of Australia keep interest rates unchanged on Wednesday 6 August for the 14th month running, according to Bloomberg. RBA governor Ian Macfarlane said in June he was prepared to lower interest rates unless global demand recovers.
Macfarlane goes for a decade
Ian Macfarlane, the governor of the Reserve Bank of Australia, is buckling down for another term - but not a full one. At the age of 57, it seems that the prospect of another whole seven-year term would have been a bit much, so he put a bid in for a…
Australian Treasury on Macfarlane's reappointment
Statement by Australian Treasurer Peter Costello on the reappointment of Ian Macfarlane as Governor of the Reserve Bank of Australia, 29 July.
RBA statement on the conduct of monetary policy
Second statement on the conduct of monetary policy from the Treasurer and the Governor of the Reserve Bank of Australia, July 2003. The statement is designed to continue to foster a better understanding, both in Australia and overseas, of the nature of…
Ian Macfarlane reappointed chief of RBA
The governor of the Reserve Bank of Australia, Ian Macfarlane, was reappointed on Tuesday 29 July for a further three years rather than the usual seven year term, reports The Australian. The reappointment decision was widely expected with few alternative…
RBA adds an Education section to its website
The Reserve Bank of Australia has included an Education section on its website. The new section draws together information, already on the site, into key areas of interest to teachers and students of economics and finance.
Reappointments to the RBA's Payments System Board
Australian Treasurer Peter Costello announced the reappointment of three members to the Reserve Bank of Australia's Payments System Board (PSB), 24 July.