Governor of the Reserve Bank of Australia
RBA’s top two executives saw 10% pay increase over past year, report reveals: Annual report notes Philip Lowe and Michele Bullock’s remuneration increase was ...
theguardian.com/australia-news/2023/oct/19/rba-top-two-executives-saw-10-pay-increase-over-past-year-report-reveals
Bullock’s interest rate debut keeps things sweet and Lowe: After her first meeting as Reserve Bank governor, Michele Bullock stuck to the script ...
smh.com.au/politics/federal/bullock-s-interest-rate-debut-keeps-things-sweet-and-lowe-20231003-p5e99n.html
No coincidence: Women replace country’s most unpopular leaders: Alan Joyce and Philip Lowe are wildly dissimilar. Even so, both the institutions they have left ...
smh.com.au/business/companies/no-coincidence-women-replace-country-s-most-unpopular-leaders-20230918-p5e5mb.html
All the reasons interest rates are a bad way to manage the economy: We should start the move away from monetary policy.
smh.com.au/business/the-economy/all-the-reasons-interest-rates-are-a-bad-way-to-manage-the-economy-20230914-p5e4to.html
Australia’s first female central bank chief takes charge as cost of living crisis rages
cnn.com/2023/09/18/economy/australia-central-bank-new-chief-bullock-intl-hnk/
RBA Extends Rate Pause as Lowe Exits With Prices in Retreat: Australia’s central bank kept its key interest rate unchanged and maintained a tightening bias as ...
bloomberg.com/news/articles/2023-09-05/rba-extends-rate-pause-as-lowe-departs-with-inflation-in-retreat
RBA Governor Philip Lowe Leaves With More Women in Senior Leadership Positions: When Philip Lowe took the helm at Australia’s central bank in 2016 ...
bloomberg.com/news/articles/2023-09-14/rba-s-shift-from-boys-club-to-governor-bullock-is-a-win-for-lowe
The glass half-full governor’s mixed report card: After seven years heading the Reserve Bank, Philip Lowe heads for the door with experts divided over his legacy ...
theage.com.au/politics/federal/the-glass-half-full-governor-s-mixed-report-card-20230907-p5e2v2.html
Quick Glance: Boosting Productivity Key to Taming Inflation, Says RBA's Outgoing Lowe
- The outgoing head of Australia's central bank emphasizes the importance of boosting productivity to control inflation.
- An overvaluation of wages and profits relative to inflation could lead to adjustments in monetary policy.
- Lowe acknowledges that boosting productivity is a political problem.
- The aggressive tightening of monetary policy has helped rein in inflation.
How Philip Lowe was caught on the cusp of history: The outgoing boss of the Reserve Bank will be seen as a man caught by the changing tide ...
theage.com.au/business/the-economy/how-philip-lowe-was-caught-on-the-cusp-of-history-20230910-p5e3fm.html
RBA interest rates: official cash rate left unchanged by Reserve Bank of Australia at 4.1% for a third month
theguardian.com/australia-news/2023/sep/05/rba-interest-rates-official-cash-rate-left-unchanged-by-reserve-bank-of-australia-at-41-for-a-third-month
Quick Glance: RBA keeps interest rates steady in Governor Lowe's final act
- Reserve Bank aggressively raised interest rates since May last year.
- Monthly repayments on an average $600,000 mortgage have increased by over $1350.
- Recent economic figures show the effectiveness of the rate rises.
- Inflation may return to the Reserve Bank's target range of 2-3%.
Lowe to go without a bang as inflation pressures ease: RBA governor Philip Lowe chairs his last board meeting next week. New inflation figures suggest he won’t ...
theage.com.au/politics/federal/lowe-to-go-without-a-bang-as-inflation-pressures-ease-20230830-p5e0it.html
Quick Glance: Eurozone inflation remains stable in August
- Over the past 13 months, the ECB has consistently increased interest rates to control inflation.
- The consumer price index for the Eurozone was supported by a 9.8% price increase in food, alcohol, and tobacco since August of last year.
- Core inflation, which excludes fuel and food, decreased from 5.5% to 5.3% in August.
- Fuel prices decreased by 3.3% due to stable global oil prices and reduced demand for heating fuel during the summer.
Historic change to Aussie banknotes: A historic change is on its way to Australian banknotes as a final farewell to ousted Reserve Bank of Australia governor ...
news.com.au/finance/money/historic-change-to-australian-banknotes/news-story/17bf171ba89fb454155facdba1308a5d
Australia’s Central Bank Set to Stand Pat at Lowe’s Last Meeting: Australia’s central bank is set to keep interest rates unchanged at Governor Philip Lowe’s ...
bloomberg.com/news/articles/2023-09-03/australia-s-central-bank-set-to-stand-pat-at-lowe-s-last-meeting
How Reserve Bank bosses partied as interest rates rose: In November, Phil Lowe and friends were sipping $68 bottles of Chardonnay after raising interest rates ...
smh.com.au/cbd/how-reserve-bank-bosses-partied-as-interest-rates-rose-20230827-p5dzt0.html
Australia News Today: RBA Meeting, New Zealand Election, Housing Affordability: Good morning and happy Monday. It’s Ainsley here with the news you need to get ...
bloomberg.com/news/newsletters/2023-09-03/australia-news-today-rba-meeting-new-zealand-election-housing-affordability
Lowe is right: New York’s soaring rents shows why freezes won’t work: In his final appearance before parliament as Reserve Bank governor, Philip Lowe voiced his ...
theage.com.au/money/borrowing/lowe-is-right-new-york-s-soaring-rents-shows-why-freezes-won-t-work-20230815-p5dwor.html
Lowe warns against rent freezes as he signals rates may rise again: In his last appearance before the House of Representatives’ economics committee ...
smh.com.au/politics/federal/lowe-warns-against-rent-freezes-as-he-signals-rates-may-rise-again-20230810-p5dvl6.html
Quick Glance: Lowe's Farewell: RBA Governor Faces MPs for the Final Time
- Philip Lowe, the governor of the Reserve Bank, will appear before the House economics committee for the last time on Friday.
- Michele Bullock will succeed Lowe as the deputy governor in mid-September.
- Lowe is expected to respond to inquiries regarding the housing market and the Reserve Bank's interest rate policy.
Respite for mortgage holders as RBA holds rates steady for second month: Households can breathe a sigh of relief after the Reserve Bank board decided to hold ...
smh.com.au/politics/federal/respite-for-mortgage-holders-as-rba-holds-rates-steady-for-second-month-20230801-p5dstj.html
Quick Glance: RBA Keeps Interest Rates Steady, Monitors 'Soft Landing'
- The Reserve Bank of Australia (RBA) maintains interest rates at 4.10 percent as borrowers navigate a potential 'mortgage cliff'.
- Pausing for a second consecutive month, the central bank observes a slowing inflation rate and easing consumer spending.
- Governor Philip Lowe, set to leave his role in September, acknowledges the 'painful squeeze' caused by interest rates on some households.
- Lowe notes that while inflation in Australia is 'declining', it remains 'too high' at 6 percent, signaling possible future rate hikes.
Outgoing Reserve Bank Governor Philip Lowe has been interrogated for the last time at a Parliamentary Committee in Canberra ... Show more #9News
Why was Philip Lowe not reappointed as RBA governor? We can rule out interest rates as a reason
theguardian.com/commentisfree/2023/jul/15/why-was-philip-lowe-not-reappointed-as-rba-governor-we-can-rule-out-interest-rates-as-a-reason
Quick Glance: New RBA Chief Appointed
- Michele Bullock becomes Australia's first female governor and leads the RBA.
- Prime Minister Anthony Albanese announced the appointment, praising Philip Lowe for his seven-year term.
- Treasurer Jim Chalmers stated that Ms. Bullock is the right person to lead the RBA into the future and ensure it becomes the world's best and most effective central bank.
- Ms. Bullock has been with the RBA since 1985 and has been Deputy Governor since April 2022.
RBA’s Philip Lowe Faced Disinflation, Pandemic, War in Turbulent Term: Australia’s outgoing central bank chief Philip Lowe proved to be a convenient scapegoat ...
bloomberg.com/news/articles/2023-07-14/rba-s-lowe-faced-disinflation-pandemic-war-in-turbulent-term
Title: Captured.
Illustration by Badiucao.
Read the letters to the editor here: tinyurl.com/bdhfay26
RBA to meet eight times a year to set interest rates under sweeping changes: RBA governor Philip Lowe confirmed cutting the number of interest rates meetings is ...
9news.com.au/finance/reserve-bank-australia-eight-interest-rates-meetings-per-year-review-governor-philip-lowe/58c5e6a2-c3fe-4b57-9620-9a2c08977add
Australia picks first female central bank head to shepherd through reform: Australia has appointed the first female head of its central bank, passing over the ...
reuters.com/business/finance/australias-central-bank-chief-will-not-be-reappointed-media-2023-07-13/
Quick Glance: Potential Candidates for New Chief of Australia's Central Bank
- The current Governor Philip Lowe will not be reappointed for a second term.
- Several media reports name possible successors for the leadership of the Reserve Bank of Australia.
- Among the potential candidates are Bullock, Gruen, and Carolyn Wilkins.
The politics of luck and timing: Phil Lowe’s lessons for Anthony Albanese: There are times this government seems to want it all: to go both fast and slow ...
smh.com.au/politics/federal/the-politics-of-luck-and-timing-phil-lowe-s-lessons-for-albanese-20230716-p5dolc.html
RBA could start cutting rates within a year as Bullock takes the helm: Michele Bullock faces a slow economy and the job of overhauling the RBA when she becomes ...
theage.com.au/politics/federal/rba-could-start-cutting-rates-within-a-year-as-bullock-takes-the-helm-20230714-p5doce.html
The risks in appointing Australia’s Next Top Central Banker: Canberra understands that Philip Lowe must become the fall guy for a string of rate rises ...
theage.com.au/business/the-economy/the-risks-in-appointing-australia-s-next-top-central-banker-20230706-p5dm9l.html
Bullock is the safe choice for RBA governor, but is that what we need?: In Jim Chalmer’s decision to accept an internal candidate as the Reserve Bank governor ...
smh.com.au/business/the-economy/bullock-is-the-safe-choice-for-rba-governor-but-is-that-what-we-need-20230716-p5dokf.html
Michele Bullock spells continuity at RBA – but respite unlikely for borrowers: The new chief was one of the board members raising interest rates ...
theguardian.com/australia-news/2023/jul/15/michele-bullock-spells-continuity-at-rba-but-respite-unlikely-for-borrowers
Australia Opts for Hawkish Pause as Door Ajar to More Hikes: Australia’s central bank kept its key interest rate unchanged on Tuesday as the board assesses the ...
bloomberg.com/news/articles/2023-07-04/australia-pauses-rate-rises-keeps-door-ajar-to-future-hikes
Quick Glance: RBA Keeps Rates Steady at 4.1% Providing Relief for Mortgage Holders
- The Reserve Bank has given mortgage holders a reprieve from interest rate rises, holding the official cash rate steady at 4.1%.
- Governor Philip Lowe said the previous interest rate rises and economic uncertainty were reasons to hold off lifting interest rates this month.
- Further rate hikes may be needed in the future to ensure inflation returns to the bank's target.
- Economists were divided on whether the RBA would raise rates or pause, given mixed signals from recent economic data and concerns about the impact on mortgage holders.
Australia News Today: RBA's Lowe, FIFA Women’s World Cup, Unlisted assets: Good morning, it’s Amy in Melbourne with all the news you need to know today ...
bloomberg.com/news/newsletters/2023-07-13/australia-news-today-rba-s-lowe-fifa-women-s-world-cup-unlisted-assets
Bullock is the safe choice for RBA governor, but is that what we need?: In Jim Chalmers’ decision to accept an internal candidate as the Reserve Bank governor ...
theage.com.au/business/the-economy/bullock-is-the-safe-choice-for-rba-governor-but-is-that-what-we-need-20230716-p5dokf.html
Three key contenders for the Reserve Bank’s top job: Speculation has been building about who might be the next governor, with the treasurer expected to make an ...
theage.com.au/business/banking-and-finance/three-key-contenders-for-the-reserve-bank-s-top-job-20230711-p5dne3.html
Three key contenders for the Reserve Bank’s top job: Speculation has been building about who might be the next governor, with the treasurer expected to make an ...
smh.com.au/business/banking-and-finance/three-key-contenders-for-the-reserve-bank-s-top-job-20230711-p5dne3.html
Australia appoints first female head for central bank: The appointment follows a public backlash over steeply rising interest rates.
freemalaysiatoday.com/category/business/2023/07/14/australia-appoints-first-female-head-for-central-bank/
Rate reprieve a ‘good thing’, PM says, as speculation mounts around Lowe’s future
theage.com.au/politics/federal/rate-reprieve-a-good-thing-pm-says-as-speculation-mounts-around-lowe-s-future-20230705-p5dltg.html
Treasury boss among handful on shortlist as next RBA governor: Treasurer Jim Chalmers has confirmed he would decide on the RBA governor’s position in July ...
smh.com.au/politics/federal/treasury-boss-among-handful-on-shortlist-as-next-rba-governor-20230622-p5dijv.html
RBA boss should lose job after interest rate hikes, but Australians expect more to come
theage.com.au/politics/federal/rba-boss-should-lose-job-after-interest-rate-hikes-but-australians-expect-more-to-come-20230613-p5dg37.html
In his own words: Philip Lowe’s revealing seven years of speeches: Philip Lowe has been at the centre of economic policy since 2016. In almost one million public ...
smh.com.au/politics/federal/in-his-own-words-philip-lowe-s-revealing-seven-years-of-speeches-20230629-p5dkh6.html
It’s a Lowe story: Shaking off inflation just got harder: It’s possible Taylor Swift’s concerts in Melbourne and Sydney could cause some champagne problems for ...
theage.com.au/money/saving/it-s-a-lowe-story-shaking-off-inflation-just-got-harder-20230626-p5djhn.html
Maybe Lowe should stay on as governor to clean up any spilt milk: Is Reserve Bank governor Dr Philip Lowe pressing harder on the interest-rate brakes than he ...
theage.com.au/business/the-economy/maybe-lowe-should-stay-on-as-governor-to-clean-up-any-spilt-milk-20230618-p5dhg8.html
The government should butt out on the RBA and focus on its own failings: Economists rarely agree, except when it comes to government leaving the RBA to do its ...
theage.com.au/business/the-economy/the-government-should-butt-out-on-the-rba-and-focus-on-its-own-failings-20230609-p5dfgz.html
Not the only wrong call on interest rates: PM lashes RBA: Prime Minister Anthony Albanese has taken a swipe at Reserve Bank governor Philip Lowe’s pandemic-era ...
smh.com.au/politics/federal/not-the-only-wrong-call-on-interest-rates-pm-lashes-rba-20230609-p5dfcl.html
Philip Lowe is cactus. But truth be told, his fate is a sideshow: The RBA governor’s removal, assuming it comes, will be huge news. But the change will be ...
theage.com.au/business/the-economy/philip-lowe-is-cactus-but-truth-be-told-his-fate-is-a-sideshow-20230607-p5deuu.html
Flirting with recession: Will Australia follow New Zealand?: Westpac’s head economist says we are already in a consumer recession – its spread to the broader ...
smh.com.au/business/the-economy/flirting-with-recession-will-australia-follow-new-zealand-20230615-p5dgss.html
Australia recession risk heightens after RBA warns of bumpy path to low inflation
reuters.com/markets/australia-recession-risk-heightens-after-rba-warns-bumpy-path-low-inflation-2023-06-09/
Australia’s most unpopular man makes a difficult job harder as country battles a chaotic housing market
irishtimes.com/world/australia/2023/06/19/australias-most-unpopular-man-has-competition-in-a-field-of-candidates/
Australia’s productivity plunge: why is the Reserve Bank concerned and should we panic?
theguardian.com/business/2023/jun/09/australias-productivity-plunge-why-is-the-reserve-bank-concerned-and-should-we-panic
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