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Top related persons:
Philip Lowe - 2 Lin Ong - 2 Stella Qiu - 2 Michele Bullock - 1 Bullock - 1 Anthony Albanese - 1 Jim Chalmers - 1 Michele - 1
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RBC Capital Markets - 2 Thomson - 2 SYDNEY - 1 Reserve Bank - 1 University of New - 1 London School of Economics - 1 Challenger - 1 REUTERS - 1

Search resuls for: "Lin Ong"


3 mentions found


☆ Bullock takes the reins at Reserve Bank of Australia
  + stars: | 2023-07-14 | by ( Lewis Jackson Stella Qiu Wayne Cole | Lewis Jackson | Stella Qiu | ) www.reuters.com   time to read: +3 min
SYDNEY, July 14 (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country's central bank through a period of change will be a major priority. Bullock, the first woman to helm the country's central bank, will have the task of leading the bank through its biggest internal shakeup in decades while also maintaining the fight against inflation. "I wasn't sure I would ever be in this position," Bullock said in a 2022 interview with her alma mater. "I never thought that Guy Debelle, who was the deputy governor, would leave the Bank. A review into the central bank published in April recommended sweeping changes including the setup of a separate specialist board to manage monetary policy, less frequent meetings and more public communication.
Persons: Michele Bullock, Philip Lowe, Bullock, Anthony Albanese, Jim Chalmers, Michele, Jonathan Kearns, Bullock's, Guy Debelle, Lowe, Su, Lin Ong, Lewis Jackson, Stella Qiu, Praveen Menon Organizations: SYDNEY, Reserve Bank, University of New, London School of Economics, Challenger, RBC Capital Markets, Thomson Locations: University of New England, Armidale, Sydney, Lincoln
☆ Australia hikes minimum wage as living costs surge
  + stars: | 2023-06-02 | by ( Stella Qiu | ) www.reuters.com   time to read: +3 min
REUTERS/Steven Saphore/File PhotoSYDNEY, June 2 (Reuters) - Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on awards with wages linked to movement in the minimum wage. It also made a technical reclassification for the national minimum wage, which the union says will take the increase to 8.6% for the lowest-paid employees, about 0.7% of the workforce. "Following several recent developments, including the outcome of today's minimum wage decision, we are adding a 25bp hike to our RBA profile in June and another 25bp in July." "Today's increase means these workers can keep their heads above water and not have to cut back even further."
Persons: Steven Saphore, Lin Ong, Philip Lowe, Taylor Nugent, Adam Hatcher, Hatcher, Andrew McKellar, Sally McManus, Stella Qiu, Shri Navaratnam Organizations: REUTERS, RBC Capital Markets, Reserve Bank of Australia, National Australia Bank, Australian Chamber of Commerce and Industry, Australian Council of Trade Unions, Thomson Locations: Sydney, Australia, Lincoln
☆ Australia's central bank needs more interest rate hikes, says economist
  + stars: | 2022-10-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAustralia's central bank needs more interest rate hikes, says economistSu-Lin Ong of RBC Capital Markets says the Reserve Bank of Australia may be in a "better place at the moment" if it had delivered a 50 basis point hike in the October meeting.
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