Philip Lowe

RBA Governor Philip Lowe tells borrowers to prepare for rate hikes

Reserve Bank of Australia governor Philip Lowe has underscored that interest rates in Australia will rise, "at some point", and urged borrowers to …

Interest Rates

US to take on wage stagnation, while debate here goes in circles

US economists and policymakers are sufficiently concerned about wage stagnation to investigate the impact of corporate power. Meantime, here it's a …

Economics

Australia Pledges $1.3 Billion to Help Drought-Stricken Farmers

Prime Minister Malcolm Turnbull has pledged extra funding for Australia’s rural communities ravaged by the worst drought in 50 years, boosting the …

Business

Going down fast: Homebuyers are snapping up properties $200,000 cheaper than they were sold just WEEKS earlier

In a sign of Sydney's slowing housing market, a home on one street sold for $200,000 less than a similar house did only four weeks earlier.<p>Both …

Real Estate

Banking royal commission: RBA governor Philip Lowe is appalled by the behaviour of Australian banks

Reserve Bank governor Phillip Lowe says he has been appalled by the behaviour of Australia's banks, and blames remuneration that rewards sales for …

Australia

Drought could cost economy up to $12b

AN EXTENDED drought would have a “significant” effect on the economy and food prices, says Reserve Bank Governor Philip Lowe.<p>Farmers are battling …

Commonwealth Bank

Australia’s Central Bank Uneasy About ‘Problematic’ U.S. Stimulus

Markets are not prepared for a repricing of Fed intentions, Mr. Lowe says<p>SYDNEY—Reserve Bank of Australia Governor Philip Lowe on Friday said the central bank was becoming increasingly uneasy about the potential for inflation to jump in the U.S., fanned by the country’s “problematic” fiscal …

Economics

RBA's Lowe Sees Rates Steady `For a While Yet' – Bloomberg

RBA's Lowe Sees Rates Steady `For a While Yet'<p>RBA's Lowe Sees Rates Steady `For a While Yet'<p>RBA's Lowe Sees Rates Steady `For a While …

Interest Rates

RBA governor 'appalled' at banks' behavior

SYDNEY (Reuters) - Reserve Bank of Australia (RBA) governor Philip Lowe said on Friday he was “incredibly disappointed” and “appalled” at the behavior of the country’s banks after a high-level inquiry into the sector unearthed misconduct and malpractice.<p>FILE PHOTO: Australia's Reserve Bank of …

Reserve Bank of Australia

Rates to head up as jobs market booms

The Reserve Bank sets Australia's monetary policy.<p>facebook twitter linkedin print<p>The next move for interest rates is up, but the outlook for jobs is …

Financial Services

Reserve Bank of Australia warns of drought impact

Canberra, Aug 17 (IANS) The Reserve Bank of Australia on Friday warned of the impact of an ongoing drought, one of the worst in recent decades, on …

Reserve Bank of Australia

Bloomberg Photo Advisory: Aug. 17, 2018 | Bloomberg Media Distribution

<b>Bloomberg Global Photo Advisory For Friday, Aug. 17, 2018</b><p><b>ASIA:</b> <br>CANBERRA: RBA Governor Philip Lowe Delivers Testimony to the House of Representatives’ …

Kuala Lumpur

Aust dollar holds but downside beckons

The Aussie dollar edged up to 72.70 US cents and away from a 19-month trough of 72.03 touched on Wednesday. It faces resistance at 72.86/.90 and a …

Reserve Bank of Australia

Behaviour of banks has been appalling: RBA chief Philip Lowe

Philip Lowe backed the royal commission as necessary ‘disinfectant’ for the clear failings of the nation’s banks.

Scott Morrison

Rates steady 'for a while yet'

The Reserve Bank of Australia sees interest rates remaining steady for some time, against a backdrop of soft inflationary pressures in the …

Interest Rates

Australia needs to prepare for next recession: RBA governor

17/08/2018|2min<p>Reserve Bank Governor Philip Lowe has urged politicians to help build up the country's financial capacity to help stimulate the …

Australia

Australia central bank governor signals lower for longer rates

© Reuters. Australia's new Reserve Bank of Australia (RBA) Governor Philip Lowe speaks at a parliamentary economics committee meeting in Sydney<p>By …

World Economy

Bank note company settles pay dispute

The company that makes Australia's bank notes and a passport security feature has come to an agreement with its workforce after acrimonious pay …

Australian News

Australia banking probe has tightened credit supply - RBA governor | Financial Times

Australia’s ongoing probe into its financial sector has resulted in a tightening of credit supply, according to the head of the country’s central …

Economics

Bassanese: RBA should lower inflation target

The Reserve Bank of Australia should lower its inflation target as it's too high compared to other developed economies and may be fuelling low …

Economics

What really happens when immigrants move to your suburb

MY NEIGHBOURHOOD knows what happens when a large number of immigrants move in.

Australia

Australia's Central Bank Chief Says the Unspeakable

Talk about a failure of forward guidance.<p>Australia's population hit 25 million this week, three decades sooner than the government had forecast. Sure, it's not much compared with the size of some Asian cities and the American states of California and Texas, but this population boom has had a huge …

Central Banks

The Australian dollar is getting hosed

The Australian dollar tumbled back below US74c in overnight trade on continued strength in the US dollar, during a busy session on currency …

Australian Dollar

Reserve Bank governor says Australia's high immigration levels boosted economy

Australia’s high immigration levels have been a positive for the economy, helping to arrest the rate of the ageing of the population and ensure higher than average growth in recent years, the Reserve Bank governor says.<p>It means Australia has one of the youngest populations among advanced economies, …

Australian News

RBA governor Philip Lowe used a key speech to argue strong population growth is good for Australia

• <b>RBA governor Philip Lowe set out the economic benefits of Australia’s rapid rate of population growth in a key speech today.</b>• <b><br>Lowe said that increased</b> …

Australia

More Tariffs, Female Chief Economists, London Exodus: Eco Day

• The U.S. will begin imposing 25 percent duties on an additional $16 billion in Chinese imports in two weeks, while a Fed survey shows the escalating …

Central Banks

RBA Gov Expects Next Move in Rates Likely Up

The RBA on Tuesday kept its official cash rate steady, completing 2 years of policy stasis<p>SYDNEY—Reserve Bank of Australia Governor, Philip Lowe affirmed Wednesday that interest rates are more likely to rise next than fall, adding the economy is slowly transitioning toward higher inflation and …

Interest Rates

RBA's Lowe Sees Inflation Reaching Target in 2020, Rates on Hold

Australian central bank chief Philip Lowe said inflation is expected to reach the 2.5 percent target midpoint in 2020 and the interest-rate outlook …

Interest Rates

RBA governor Philip Lowe backs immigration growth to drive economy

Reserve Bank governor Philip Lowe has backed Australia's immigration-driven population growth as the reason the economy enjoyed higher growth than …

Home Building

Australia's most powerful banker credits high immigration with BOOSTING the economy - and predicts a long run of full employment

Australia's most powerful banker has credited high immigration with boosting the economy.<p>Reserve Bank of Australia Governor Philip Lowe heralded …

Labor Economics