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Search resuls for: "Reserve Bank Board"


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For the month, CPI fell 0.3%, driven by declines in petrol, rent and holiday travel. A closely watched measure of core inflation, the trimmed mean, rose an annual 5.3% in October, easing from 5.4% the previous month. "It's hard to find bad news in Australia's October inflation print," said Harry Murphy Cruise, an economist at Moody’s Analytics. Prices for tradable goods fell 1.6% in October from a month earlier. It also left the door open to further tightening if necessary to meet its annual inflation target of 2-3%.
Persons: Daniel Munoz, Harry Murphy Cruise, Jonathan Kearns, Wayne Cole, Stella Qiu, Lincoln, Sam Holmes Organizations: REUTERS, Rights, U.S ., Australian Bureau, Statistics, Moody’s, Reserve Bank Board, Reserve Bank of Australia, Challenger, Thomson Locations: Australia
[1/4] Andrew Hauser, who has been appointed the next Deputy Governor of the Reserve Bank of Australia, is seen in this undated handout photo distributed on November 27, 2023. Australian Government/Handout via REUTERS Acquire Licensing RightsSYDNEY, Nov 27 (Reuters) - Australia on Monday appointed the Bank of England's (BoE) Andrew Hauser as the new deputy governor of the Reserve Bank of Australia (RBA), filling a position that had been vacant since Michele Bullock was elevated to the top role in late September. Hauser, who currently serves as the executive director at markets at the BoE, is expected to start before the first RBA board meeting next year. Governor Bullock welcomed the appointment. "I warmly congratulate Andrew on his appointment...He has great experience and will bring a welcome external perspective to the Bank and the Reserve Bank Board."
Persons: Andrew Hauser, BoE, Michele Bullock, Hauser, Governor Bullock, Andrew, Lewis Jackson, Stella Qiu, Kim Coghill, Sam Holmes Organizations: Reserve Bank of Australia, Australian Government, REUTERS Acquire, Rights, Monday, Bank of England's, London School of Economics, Bank, Reserve Bank Board, Thomson Locations: Australia
SYDNEY, May 16 (Reuters) - A measure of Australian consumer sentiment fell in May after a surprise hike in interest rates by the Reserve Bank of Australia (RBA) and a "mildly disappointing" federal budget clouded the outlook for family finances and the economy. But Evans expects the RBA to leave rates on hold in June as it awaits more data on inflation and the economy. Some consumers may have had "unrealistic expectations" going into the budget with many expecting more support, Evans said. Higher living costs meant consumers were holding off on buying a major household item, with the index dipping 0.4%. Reporting by Renju Jose in Sydney; Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Australia advertises job on central bank's policy-setting board
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
SYDNEY, Feb 23 (Reuters) - Australia's government is advertising a job on the policy-setting board of the Reserve Bank of Australia, the first time the powerful position has been thrown open to all comers amid a push for more diversity at the central bank. "The Reserve Bank of Australia is committed to creating a diverse and inclusive workplace, and the Government is committed to ensuring that Australia's institutions appropriately reflect the diversity of our community," said the ad on Australian Public Service. The Reserve Bank Board comprises nine members, with three ex officio members – the Governor, the Deputy Governor and the Secretary to the Treasury – and six non-executive members, who are appointed by the Treasurer. Australian Treasurer Chalmers said he would receive the RBA review on March 31 and would make a decision towards mid-year about whether to extend Governor Philip Lowe's term by another three years. The review, announced by Chalmers in July, is assessing issues such as how the RBA communicates with the public and which inflation targets to follow.
Take Five: Welcome to 2023
  + stars: | 2023-01-06 | by ( ) www.reuters.com   time to read: +5 min
LONDON, Jan 6 (Reuters) - A potential shift by the world's most dovish major central bank, inflation pressures abating, a turn in the economic outlook and oil markets suffering their biggest tumble in decades: Welcome to 2023! 1/ EARNINGS AND INFLATIONThe week ahead brings a critical read into two key themes for Wall Street in 2023: the health of corporate profits and inflation. With crude oil volatility soaring, 2023 might be anything but plain sailing for producers and consumers alike. Barclays expects the UK economy to keep contracting until the end of the third quarter of 2023. It takes time for declines in market prices to filter through into household bills, but signs are positive for cash-strapped consumers and businesses.
Federal Reserve Bank Board Chairman Jerome Powell answers reporters' questions during a news conference following a meeting of the Federal Open Market Committee (FMOC) on November 02, 2022 in Washington, DC. The Federal Reserve will hike interest rates to as high as 5.1% in 2023 before the central bank ends its fight against runaway inflation, according to its median forecast released Wednesday. The forecast is higher than the 4.6% projected by the Fed in September. The so-called dot plot, which the Fed uses to signal its outlook for the path of interest rates, showed 17 of the 19 "dots" would take rates above 5% in 2023. For 2024, the rate-setting Federal Open Market Committee projected that rates would fall to 4.1%, a higher level than previously indicated.
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