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Australia

Statement by Ian Macfarlane of the RBA, 5 June

PRESS RELEASE - Statement by Ian Macfarlane, Governor of the Reserve Bank of Australia, on monetary policy: "Following a decision taken by the Board at its meeting yesterday, the Bank will be acting in the money market this morning to increase the cash…

RB of Australia raises benchmark rate to 4.75%

AUSTRALIA - The Reserve Bank of Australia raised its benchmark interest rate for the second time in a month by a quarter percentage point to 4.75%. It is hoped this will put a damper on a housing boom and consumer spending that may fuel inflation.

Speech by Ian Macfarlane of the RBA, 31 May

SPEECH - Ian Macfarlane, governor of the Reserve Bank of Australia, delivered his twice-yearly opening statement to House of Representatives Standing Committee on Economics, Finance and Public Administration on 31 May.

Loyalty not on RBA cards

FEATURE - Ian Macfarlane and his Reserve Bank appear set on making their proposed changes to the open card schemes, Bankcard, Mastercard and Visa, by the end of the year, regardless of the growing belief the "reforms" will harm the people the central…

Reserve Bank of Australia 2002 Conference

CONFERENCE - The Reserve Bank of Australia 2002 conference 27-28 May, jointly organised with the Australian Treasury, is on the topic: 'Globalisation, Living Standards and Inequality: Recent Progress and Continuing Challenges'.

Speech by Glenn Stevens of the RBA, 16 May

SPEECH - Stevens gave a speech titled 'International Economic and Financial Issues: An RBA Perspective' on Thursday and said that the US economy remained the uncertain factor for world growth this year although it was clear a turning point had happened, …

Kabul joins queue for bank services

AUSTRALIA - Two months after John Howard promised Australian help to rebuild Afghanistan's war-ravaged central bank, the Reserve Bank of Australia official chosen to advise his Afghan counterparts is still cooling his heels in Sydney, The Australian…

Banks tackle RBA in new card twist

AUSTRALIA - The Australian Bankers' Association (ABA) says the Reserve Bank of Australia (RBA) has hired a lobbyist to promote credit card reform.

Banks in fight over card fees

AUSTRALIA - Banks and credit card issuers are in disagreement with the Reserve Bank of Australia (RBA) over credit card reforms.

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