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Christopher Kent - 3 Kent - 3 Bobby Yip - 1 Tuesday's - 1 Jamie McGeever - 1
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Search resuls for: "Christopher Kent"


4 mentions found


☆ Australia's central bank says policy is restrictive, causing households pain
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: +1 min
Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. Australia's central bank said on Wednesday that monetary policy was restrictive with the current cash rate causing financial pain for many households, but it could not rule out further tightening if necessary to tame inflation. In a speech on the banking industry in Melbourne, Reserve Bank of Australia Assistant Governor Christopher Kent said interest rates of 4.35% were contributing to slower growth of demand and lower inflation. "We know that many are feeling a painful squeeze on their finances because of higher interest rates," said Kent, noting mortgage payment has already increased to a record 10% of household disposable income. The RBA has raised interest rates by a whopping 425 basis points since May 2022, but has held steady for five straight meetings with inflation running at 3.6%, well above its target band of 2%-3%.
Persons: Christopher Kent, Kent Organizations: Reserve Bank of Australia Locations: Melbourne
☆ Morning Bid: Resilience vs quarter-end caution
  + stars: | 2024-06-25 | by ( Jamie Mcgeever | Thomson Reuters | Jamie Mcgeever Has Been A Financial Journalist Since | ) www.reuters.com   time to read: +3 min
REUTERS/Bobby Yip/File Photo Purchase Licensing Rights New Tab , opens new tabJune 26 (Reuters) - A look at the day ahead in Asian markets. The first definition that appears in an online search for the meaning of "resilience" is "the capacity to withstand or to recover quickly from difficulties; toughness." In that light, the direction Asian markets are liable to take on Wednesday is hard to call. Broader concerns about the weakness of the yen and potential intervention from Japanese authorities, and the Chinese yuan's steady depreciation, still hang heavily over Asian markets. Here are key developments that could provide more direction to markets on Wednesday:- Australia inflation (May)- RBA assistant governor Kent speaks- Singapore manufacturing production (May)Sign up here.
Persons: Bobby Yip, Tuesday's, Christopher Kent, Kent, Jamie McGeever Organizations: Hong Kong Stock Exchange, REUTERS, Nvidia, Tuesday's U.S, Reserve Bank of Australia, Bank of Japan, U.S, Reuters, Thomson Locations: Hong Kong, China, U.S, Tuesday's, Singapore, Australia
☆ Australia central bank to shift to ample reserve system to set rates
  + stars: | 2024-04-02 | by ( ) www.cnbc.com   time to read: +1 min
The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia's central bank intends to change the way it provides liquidity to the banking system, moving to one that provides ample liquidity through regular money market operations. Australia's central bank intends to change the way it provides liquidity to the banking system, moving to one that provides ample liquidity through regular money market operations. In a speech on the plumbing of monetary policy, Reserve Bank of Australia, or RBA, Assistant Governor Christopher Kent said the central bank would end its current system of setting a floor for rates with excess reserves and an exchange settlement, or ES, rate. "Under the ample reserves system, the supply of reserves can rise and fall in line with changes in demand, with minimal effects on the cash rate and other money market rates," Kent said.
Persons: Christopher Kent, Kent Organizations: Bank of Australia, Reserve Bank of Australia Locations: Sydney, Australia, Australia's
☆ Asia Pacific markets dip after UBS rescue of Credit Suisse
  + stars: | 2023-03-19 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —Asia Pacific markets edged slightly lower on Monday morning as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS. In Hong Kong, the Hang Seng Index (HSI) tumbled 1.5% at its opening. On Sunday, Switzerland’s biggest bank, UBS (UBS), agreed to buy Credit Suisse (CS) in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month. “Volatility in Australian financial markets has picked up,” he told a conference Monday. Dow futures and S&P futures each rose 0.6%, while Nasdaq futures ticked up 0.4%.
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