Australia
What central banks can and can't do-RBNZ Don Brash
SPEECH - The Reserve Bank of New Zealand's Governor Don Brash is urging people to be realistic about what monetary policy can achieve. Speaking to the Trans-Tasman Business Circle in Sydney, Dr Brash said that "In recent years ... the public have come to…
Australia cuts interest rates by 0.5%
AUSTRALIA - Australia's central bank on Apr 4, 2001 cut interest rates by half percentage point to boost consumer confidence and limit the impact of a global slowdown. It was the third reduction at board meetings in a row.
RBA launches newly designed website
AUSTRALIA - The Reserve Bank of Australia has launched a major redesign of its website at www.rba.gov.au, increasing the quality and quantity of information, and the ease of access.
House committee urges RBA to increase transparency
AUSTRALIA - A two-year study of international financial markets by Australia's House of Representatives economics committee has concluded that the the Reserve Bank of Australia has to explain more about its monetary policy decisions and economic thinking.
RBA board members debate economic prospects
AUSTRALIA/SPEECH - The newest board member of Australia's central bank, Donald McGauchie, doubts whether there will be a quick return to economic growth, in sharp contrast to the views of the central bank's deputy governor Stephen Grenville.
Australia's Costello names McGauchie to RBA board
Former president of Australia's National Farmers' Federation Donald McGauchie has been appointed to the board of the Reserve Bank of Australia for a term of five years, Treasurer Peter Costello said on Mar 22, 2001.
Credit-card reform goes to the RBA
AUSTRALIA - On Mar 20, 2001, the Australian competition regulator handed the job of reforming Australia's credit-card system to Australia's central bank.
BIS sets up Asia-Pacific consultative council
The Bank for International Settlements (BIS) said on Mar 12, 2001 it had set up an Asian Consultative Council comprising governors of its central bank members in the region.
Measuring regulatory success- by Alan Cameron
ARTICLE - Effective regulation cannot be measured by high-profile prosecutions or by counting boxes ticked. Financial regulators have much to learn from Professor Malcolm Sparrow's study of crime and environmental policing, argue Alan Cameron and Bill…
RBA appoints Frank Campbell as assistant governor
The Reserve Bank of Australia has announced the appointment of Frank Campbell to the post of Assistant Governor, Corporate Services department.
RBA cuts official cash rate by 25 bps to 5.50%
The Reserve Bank of Australia announced on Mar 7, 2001 it had cut the official cash rate target to 5.50 per cent, from 5.75 per cent, but was criticised for past policy mistakes by the prime minister.
RBA upbeat but says U.S. still main risk
Australia's central bank painted a cautious picture of the economy on Feb 12, 2001, saying domestic growth had slowed and much depended on the outlook for the United States. Less than a week after slashing official interest rates by half a percentage…
Aussie stays lumped with euro despite decisive RBA
Proactive policy action by the Reserve Bank failed to give the Australian dollar much of a lift on Feb. 7, 2001 with the unit undermined against the U.S. dollar by weakness in the euro and flows towards the yen. The half point rate cut by the RBA had…
Australia's central bank supported A$, worst over
Australia's central bank intervened to support the local dollar to the tune of A$860 million in November as the currency plumbed record lows, the Reserve Bank said on Dec 21.
PNG should adopt the Aust dollar, says expert
Papua New Guinea should adopt the Australian dollar to ensure economic stability, an expert on developing Asia Pacific economies advised today.
A$ bounces back from record lows
The Australian dollar bounced back from this week's record lows against the US dollar on Wednesday, buoyed by talk of central bank support in the options market.
Australian dollar falls to 17 year low
The tide of global foreign exchange markets has turned against the Australian dollar again with the local currency falling to a record 17 year low.
Evolution of the Reserve Bank of Australia
In its annual report published this month, the Reserve Bank of Australia in a one-off special feature takes a historical look at the development of the RBA over the last 40 years. It looks at the changing function of the RBA, and how this is reflected…
Reserve Bank of Australia - Annual Report 1999
ANNUAL REPORT - The Reserve Bank of Australia has published its Annual Report for the year ended 1999.
Speech by Stephen Grenville of the RBA
SPEECH - Speech by Stephen Grenville, Deputy Governor of the Reserve Bank of Australia to CEDA Gold Series Dinner, held in Sydney on 29 June 2000.