Depth of downturn ‘less than expected’
The Reserve Bank has held out hope the economic downturn might not be as severe as feared.
RBA
RBA keeps it steady
The Reserve Bank has left its cash rate and other policy tools unchanged after its June board meeting.
Budget deficit blows out to $40bn
Latest figures reveal the additional cost of programs such as the $750 one-off welfare payment to households.
Investors run scared as infection shakes markets
The extreme uncertainty created by the COVID-19 crisis has led corporate Australia to slash investment plans for this financial year and the next.
Lowe urges paying subsidies for longer
Reserve Bank governor Philip Lowe has warned that a ‘premature’ withdrawal of fiscal stimulus could damage the recovery.
‘Reform good, but not negative rates’
Philip Lowe has ramped up calls for economic reform in the wake of the pandemic while resisting the prospect of negative interest rates.
Increase lending response, RBA boss tells banks
RBA’s Lowe stresses importance of lenders continuing to support the flow of credit to the economy.
Banks start ‘planning’ for negative cash rate scenario
The Reserve Bank of New Zealand has indicated it is in discussions with financial institutions about negative cash rates.
Early easing means rosy outlook: RBA
A faster-than-expected withdrawal of restrictions could limit economic losses, opening the door to a rosier set of forecasts.
Lowe hopes for ‘strong recovery’
RBA chief Philip Lowe has reason to expect a V-shaped recovery in Australia, but admits there’s still ‘considerable uncertainty’.
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.
Original URL: https://www.theaustralian.com.au/topics/rba/page/4