Don’t bank on a quick recovery
I hope you are right Philip, but I fear you’re wrong. We’re simply not prepared for what may happen in 2021.
RBA
Oil, RBA deliver double ASX blow
The local market was awash with negative news on Tuesday, sending the ASX to its worst two-day drop in five weeks.
The five weeks that shook the world
On January 24, a little-known water decontamination company with of contracts in China published a salutary warning about the coronavirus.
Homeowner mortgage stress ‘likely to escalate’: RBA
The prospect of large property price declines presents significant risks for households, businesses and lenders, says the RBA.
RBA details bad and ugly. There’s not much good.
Governor Lowe’s unprecedented comments signal our leaders aren’t under any illusions about the storm ahead.
Prepare for hit but we’ll ease blow: RBA
The Reserve Bank is bracing for a ‘very large economic contraction’ and the highest unemployment rate for ‘many years’.
Spending switch turns to DIY and throw cushions
Australians appear to have panic bought enough food and alcohol and are now making the home comfy, data shows.
RBA done cutting interest rates
Faced with a ‘very material economic contraction’, the RBA says the usefulness of interest rate cuts has come to an end.
Retailers rejecting cash ‘must not surcharge customers’
Retailers rejecting cash could be breaching Australia’s surcharging payment regulations.
Auction super weekends hit by virus concerns
New bans are likely to cause prices and the number of new homes coming on the market to tumble.
RBA has acted, now for Stimulus 2.0
The Reserve Bank has done exactly what it needed to do. Now it is over to the federal government.
RBA starts QE with $5bn bonds purchase
The RBA bought $5bn of government bonds, marking the first instance of unconventional monetary policy in Australia.
Economy faces ‘difficult period’
Financial institutions face ‘real pressure’ in an unprecedented economic environment, according to CBA chief Matt Comyn.
RBA acts in ‘extraordinary times’
Banks will be flushed with $105bn in cheap cash as RBA pledges to do ‘whatever necessary’ to shield businesses, households.
Major hit, big job losses ahead: RBA
Australia is facing ‘a major hit to economic activity and incomes that will last for a number of months’, Reserve Bank governor Philip Lowe said.
RBA, government on same page
CBA’s move on Thursday to slash its lending rate to small businesses by 100 basis points took other banks by surprise.
Welcome relief, but more needed
The RBA and federal government have made an admirable start to the necessary coronavirus recovery packages.
Home loans: to fix, or not to fix?
Should home loan borrowers fix? That depends if you think you can ‘beat the bank’.
CBA cuts interest rates, ups term deposits
CBA was the first of the big four banks to update the market on its home loan rates following the RBA’s decision.
APRA ditches banking capital requirements
APRA tells lenders to cash in excess capital buffers to keep credit flowing and access a $90bn central bank lending facility.
Jobs loss spike to cut home prices 20pc: AMP Capital
AMP Capital sees 20pc drop in home prices if unemployment rises to double digit figures.
RBA primed for emergency cut
The RBA will announce an emergency rate cut to 0.25 per cent and launch a program to directly intervene in the bond market.
Expected rate cut draws few admirers
Ex-Reserve Bank staffers doubt further cuts to the official interest rate — widely expected to occur today — will boost confidence.
RBA waiting in the wings on rates
The Fed and other central banks firing their policy guns is forcing the RBA to take actions it had very much hoped to avoid.
Markets moving the goalposts
The sharemarket falls are accelerating and the first efforts to limit share trading activity have appeared simultaneously.
Will the RBA cut the cash rate this week?
Mechanisms are now in place for a rapid response to emerging cracks in the global financial system.
RBA expected to join in cuts
Market watchers say the RBA is likely to join the Fed and RBNZ in new moves protect the economy today.
RBA steps in to cushion blow
The RBA has stepped in to add liquidity to the financial system in an attempt to calm pressure on markets.
Central bankers plan virus response
The meeting will hear from the central bankers around the world on their assessment and proposed responses to the crisis.
RBA ‘stands ready’ on QE
The RBA is poised to launch a program of unconventional monetary policy if needed, deputy governor Guy Debelle says.
Original URL: https://www.theaustralian.com.au/topics/rba/page/4