The Reserve Bank Governor Philip Lowe “finally saw some sense” in pausing interest rates, says former Labor senator Stephen Conroy.
“Every treasurer wants to try and solve these problems as quickly as they can,” he told Sky News Australia.
“We’ve already had the interest reverses – thank goodness – the Reserve Bank Governor finally saw some sense last week and didn’t raise interest rates again.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Bank of England governor on how to keep the lights onMark Carney, former governor of the Bank of England and green energy financier, says Australia will reach its emissions targets without interruption to energy supply.
Read more »
Bank employee kills four in Kentucky, including governor’s friendA 23-year-old used a rifle to kill four people — including a close friend of the governor — on Monday at the Louisville bank where he was an employee, authorities said.
Read more »
Treasurer travelling to Washington tomorrowTreasurer Jim Chalmers will be travelling to Washington in the United States for a series of high-level meetings ahead of his upcoming budget. Dr Chalmers and Reserve Bank Governor Philip Lowe will depart tomorrow for the G20 Finance Ministers' and Central Bank Governors' meetings amid calls to tighten spending to ease inflation and the fallout of major bank collapses.
Read more »
Robust jobs data tests the Federal Reserve’s mettleThe US labour market remains tight, and raises the chance that the Federal Reserve has to lift interest rates at least once more.
Read more »
RBA governor outlines strategy to bring Australian economy to soft landingAfter becoming the first major central bank to pause after a string of interest rate rises RBA Governor Philip Lowe outlined his strategy to try and glide Australia’s economy to a soft landing.
Read more »
New BoJ governor must end Japan’s easy money addictionKazuo Ueda faces the tough task of shifting gears to normalise monetary policy without hurting the economy too much, writes Masahiko Takeda.
Read more »