Australia
Currency Crises and Macroeconomic Performance
RESEARCH - In the Reserve Bank of Australia Research Paper, 'Currency Crises and Macroeconomic Performance' the authors present some theory and evidence on the implications of sudden currency depreciations for output and inflation. The paper identifies…
Reserve Bank of Australia Bulletin, January 2003
REPORT - Bulletin Statistical Tables, data updated to 8 January 2003.
Interview - McKibbin backs old friend Takenaka
INTERVIEW - In an interview given Monday Reserve Bank of Australia board member Warwick McKibbin supported his 'old friend' Japanese Economics Minister Heizo Takenaka's campaign to unite the government and central bank to fight deflation.
Australian credit-card case clears first hurdle
The potential complexity of Visa and MasterCard's landmark legal action against the Reserve Bank of Australia over credit-card reforms was underscored on Wednesday when the parties spent the day resolving how confidential information from 50 third…
Macfarlane - Statement to House of Representatives
SPEECH - In his opening Statement to House of Representatives Standing Committee on Economics Ian Macfarlane of the Reserve Bank of Australia said he sees Australian growth next year at almost 4 per cent. Inflation is expected to remain near the top of…
Stevens on Inflation, Deflation and All That
SPEECH - In the speech 'Inflation, Deflation and All That' Glenn Stevens of the Reserve Bank of Australia said the word 'deflation' carries too much emotive baggage and a 'deflation trap' would pose a bigger concern. Australia would be one of the last…
RBA leaves rates unchanged as expected
The Reserve Bank of Australia (RBA) left interest rates unchanged Wednesday as the shaky global outlook overshadowed a reactively strong domestic economy. After its final meeting for 2002 the RBA left the cash rate at 4.75 per cent.
Battellino on Australian bonds issued offshore
SPEECH - In the speech 'Why do so Many Australian Borrowers Issue Bonds Offshore?' Ric Battellino of the RBA said motives included the greater range of investors overseas and differences in the state of development between the Australian and US corporate…
Reserve Bank of Australia Press Release
PRESS RELEASE - The Reserve Bank today announced the appointment of Dr Tony Richards as Head of Economic Research. This follows the decision of Dr David Gruen, the previous Head, to accept a secondment to the Commonwealth Treasury, 26 November.
MasterCard takes a swipe at RBA
The long running dispute between the credit card companies and Australia's reserve bank continued this week as legal action got under way. The action concerns alleged misconceptions by the Reserve Bank of its obligations under the Payments Systems …
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.