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Top related persons:
Michele Bullock - 1 Philip Lowe - 1 Bullock - 1 Anthony Albanese - 1 Jim Chalmers - 1 Michele - 1 Jonathan Kearns - 1 Bullock's - 1
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Search resuls for: "Stella Qiu Wayne Cole"


2 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 central bank sticks with slower rate hikes, raises inflation forecast
  + stars: | 2022-11-01 | by ( Stella Qiu Wayne Cole | Stella Qiu | Wayne Cole | ) www.reuters.com   time to read: +4 min
SYDNEY, Nov 1 (Reuters) - Australia's central bank on Tuesday stuck with a slower pace of interest rate rises for a second month while revising up its inflation outlook, saying more rate hikes would be needed as it struggles to keep the economy afloat while battling inflation. Reuters Graphics"The Reserve Bank has indicated a preference for 'normal' 25 basis point rate hikes," said Craig James, chief economist at CommSec. CLOUDY OUTLOOKThe RBA was the first central bank among developed nations to break with outsized interest rate hikes, warning that households were already under pressure with rate rises so far. The Bank of Canada slowed its pace of rate hikes, saying it was getting closer to the end of its historic tightening campaign. The European Central Bank, while hiking rates as expected, sounded a cautious note on the outlook.
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