Australia

Bank's rising star tipped to back rate cut

AUSTRALIA - Long serving central banker Glenn Stevens is the emerging frontrunner to become new deputy governor of the Reserve Bank of Australia - and his first decision is likely to be for another cut in interest rates.

Speech by Stephen Grenville of the RBA

SPEECH - Talk by Stephen Grenville, Deputy Governor of the Reserve Bank of Australia to the Australian National University Conference on Regional Financial Arrangements in East Asia, Canberra - 12-13 November 2001.

Grenville's successor at RBA?

Reserve Bank of Australia assistant governor Glenn Stevens is the leading candidate to succeed Stephen Grenville as deputy governor, according to sources close to the Reserve Bank central bank.

Australia's 'empty' economic agenda

AUSTRALIA - On its first working day after its re-election at the weekend, Australia's government was handed an upbeat assessment of the economy from the central bank, after a campaign that lacked almost any debate on the issue.

Australia leaves interest rates unchanged

AUSTRALIA - Australia's central bank has opted to keep its interest rates unchanged on Wednesday despite the US Federal Reserve cutting its key overnight rates by 50 basis points to its lowest level in 40 years.

Australian economy stronger than US - Costello

AUSTRALIA - Australian Treasurer Peter Costello said Wednesday that a decision by the Reserve Bank to keep interest rates steady after its board meeting Tuesday isn't surprising given the country is in the midst of an election campaign.

Glenn Stevens tipped as new RBA dep gov

ARTICLE - Reserve Bank of Australia Assistant Governor Glenn Stevens is the clear favorite among a small field of contenders to fill the shoes of Deputy Governor Stephen Grenville, who retires 30 November.

Speech by Glenn Stevens of the RBA

SPEECH - Speech at the Economic Society of Australia (Victorian Branch) Forecasting Conference, Melbourne, 10 October, by Glenn Stevens, Assistant Governor, Economic Group, Reserve Bank of Australia.

VISA attacks RBA credit card plan

AUSTRALIA - Reserve Bank of Australia (RBA) plans to regulate credit card interchange fees have come under attack from Visa International.

Australia RBA says keeps regular policy timetable

AUSTRALIA - The head of Australia's central bank said today, Tuesday 18 September, he had not seen anything in the past week that was urgent enough to warrant a rate cut between regular board meetings. The next board meeting is on October 2.

Australia lowers interest rates

AUSTRALIA - The Reserve Bank of Australia sliced interest rates by one-quarter percentage point on 5 September to offset weakening global economic activity and despite higher-than-forecast inflation.

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