Australia
Macfarlane - Monetary Policy in an Uncertain World
SPEECH - In the speech 'Monetary Policy in an Uncertain World' made on 13 November, Ian Macfarlane of the Reserve Bank of Australia said when we look around us at the challenges facing central banks in other countries, we are reminded that decisions are…
RBA Statement on Monetary Policy, November 2002
REPORT - The Reserve Bank of Australia released its November 2002 Statement on Monetary Policy on 11 November. In the statement the RBA divide the year into two distinct phases with emerging optimism characterising the first half. However the second…
RBA holds interest rates steady again
AUSTRALIA - The Reserve Bank of Australia, in a widely anticipated response to a worsening global economy and the growing impact of the drought, announced on Wednesday that it had decided to leave interest rates on hold for a fifth month.
Single currency a stable solution
ARTICLE - A common currency would bring more security to everyone in the Asia-Pacific region an article in the Australian Financial Review, 27 September claimed.
RBA Bulletin - October 2002
REPORT - The Reserve Bank of Australia published its October 2002 Bulletin on 17 October. The Bulletin contains articles on Developments in the Trade-Weighted Index, Dual-listed Companies and The Changing Composition of the Australian Workforce.
Stevens on Australia's Medium-Term Econ Prospects
SPEECH - In a speech titled 'Medium-Term Economic Prospects for Australia' Glenn Stevens, Deputy Governor of the Reserve Bank of Australia said that the Australian economy is in pretty good shape, compared to other major economies, and has enjoyed an…
Canberra may halt issue of government bonds
AUSTRALIA - Australia, which has one of the lowest national debts in the world, is considering stopping the issue of government bonds and running down its existing portfolio in what local economists say would be a first for a developed country.
Aus and NZ central banks leave rates unchanged
OCEANIA - The Australian and New Zealand reserve banks left their benchmark interest rates unchanged Wednesday amid uncertainty over global economic growth.
Reserve Bank of Australia Press Release
PRESS RELEASE - At its meeting on 1 October the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent.
MasterCard follows Visa in RBA court challenge
AUSTRALIA - Like Visa, MasterCard revealed on Friday that it will appeal the Reserve Bank of Australia's proposed changes to the credit card system.
Visa plans legal action against RBA
AUSTRALIA - The largest credit card company operating in Australia, Visa International, has launched an unprecedented legal action against the Reserve Bank of Australia to overturn reforms Visa claims will discourage its 10 million card holders from…
RBA Press Release
PRESS RELEASE - Reform of credit card schemes in Australia, 19 September.
Reserve Bank of Australia News Release
NEWS RELEASE - At its meeting on 3 September the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent, 4 September.
Australia leaves rates on hold as economy eases
AUSTRALIA - Australia's central bank left rates on hold for the third straight month Wednesday, a day after the release of June quarter figures showing lower than expected economic growth.
RBA Media Release
MEDIA RELEASE - Changes to financial sanctions, 2 September.
Speech by Ric Battellino of the RBA, 29 Aug
SPEECH - In the speech 'Australia as a Capital Exporter' Battellino said that Australia has become a much more important exporter of capital since the removal of exchange controls and other financial deregulation in the 1980s but added that while we…
Reserve Bank of Australia - Annual Report 2002
ANNUAL REPORT - The Reserve Bank of Australia has published its Annual Report for the year ended 2002. In his foreword to the Annual Report 2002 the Governor, Ian Macfarlane, said the Australian economy has had a relatively trouble-free year, but that…
RBA Annual Report shows net profit down $1bn
AUSTRALIA - The Reserve Bank of Australia's net profit slumped more than $1 billion in 2001/02 after falls in earnings from its interest and foreign investment portfolio. The figure was revealed as the Bank published its 2002 Annual Report on Wednesday.
Reserve Bank of Australia Media Release
MEDIA RELEASE - Reform of credit card schemes in Australia, 27 August.
Speech by Malcolm Edey of the RBA, 22 Aug
SPEECH - In the speech 'The Global Economic Scene' Edey said it was wrong of anyone to suggest that the global economy was going backwards. Assistant Governor Edey also said that "given the supportive policy settings in place around the world, it would…
RBA's Edey Confidence crisis no threat to recovery
AUSTRALIA - Fears that the global economic recovery has stalled have been overplayed, with Japan, the rest of Asia, and the United States growing steadily despite the crisis of confidence in stockmarkets, the Reserve Bank said yesterday.
Speech by Ian Macfarlane of the RBA, 21 Aug
SPEECH - In the speech titled 'What Does Good Monetary Policy Look Like?' Macfarlane said the expected development of the domestic economy was still on track, but for the world economy, and particularly the US economy, some serious doubts had arisen. He…
RBA's Macfarlane signals rates may head higher
AUSTRALIA - Reserve Bank Governor Ian Macfarlane on Wednesday delivered an upbeat view of the Australian economy, warned of a looming shakeout in property and signalled that the bank remains on course to raise interest rates once global uncertainties…
RBA Bulletin - August 2002 Issue
REPORT - The Reserve Bank of Australia published its August 2002 Bulletin on 15 August. The Bulletin contains articles on Australia's Foreign Currency Exposure and Hedging Practices and Recent Proposals for Reform of Sovereign Debt Restructuring.