- Story Log
User | Time | Action Performed |
---|---|---|
-
GBP closes flat on Thursday, 2/8/24
- Comments
- Subscribe
-
- Older Stories
post: RBA GOVERNOR BULLOCK: RATE CUTS POSSIBLE EVEN IF INFLATION OUTSIDE 2-3% TARGET BAND
All of latest from our team on what could be on the cards for various economic outlooks and developments in markets across the globe. United States: Strong GDP and jobs growth ...
Chair and members of the Committee. This is my first appearance before the Committee as Governor. I have of course been here before, first as Assistant Governor, Financial System and more recently as Deputy Governor, so I am familiar with the process. These hearings are an important part of the accountability process for the Reserve Bank. Like Governors before me, I welcome the opportunity to answer your questions, as do my colleagues. Quite a bit has changed at the RBA since we last appeared before the Committee in August 2023. My seven-year term as Governor started last September and a new Deputy Governor, who has been appointed from outside the RBA, takes up duties next week. We have a new Statement on the Conduct of Monetary Policy, agreed between the Reserve Bank Board and the Treasurer, which makes explicit our mandate for price stability and full employment and requires us to explain regularly how we are meeting these objectives. We have had the first of our Board meetings under the new format – eight meetings a year, each over an afternoon and the following morning. The media statement following the decision on Tuesday was issued by the Board rather than the Governor and I held my first media conference, which will be a regular occurrence following each Board meeting. The RBA also released its Statement on Monetary Policy at the same time as the monetary policy decision, rather than a few days later as in the past. The Statement on Monetary Policy sets out our assessment of current economic conditions, our forecasts and risks around them, and the key issues featuring in the Board’s monetary policy decision. On our previous timetable, the Statement on Monetary Policy would have been released while this hearing was taking place. I hope this change has been valuable in enhancing the transparency of our decision on Tuesday and that it was also of some benefit for you all. post: RBA GOVERNOR BULLOCK: MORE DISTANCE TO COVER IN MEETING OUR TARGET post: RBA’s Bullock: Board Is Focused On Bringing Infl. Down - Board Hasn’t Ruled Out Further Hike But Neither Has It Ruled It In - Recent Developments In Infl. Are Encouraging, Still Some Way To Go To Meet Target - Need Services Infl. To Be ‘Quite A Bit Lower’ Than Current Levels
-
- Newer Stories
post: Japan FinMin Suzuki: Closely Watching FX Moves - Stock Prices Should Be Determined By Markets - Declines To Comment On Day To Day FX Levels - Important For FX To Move In Stable Manner, Reflect Fundamentals post: JAPAN'S FINANCE MINISTER EXPECTS BOJ TO MAINTAIN CLOSE CONTACT WITH THE GOVERNMENT TO GUIDE MONETARY POLICY APPROPRIATELY
post: ANZ Now Sees RBNZ Raising Cash Rate in February, April ANZ Now Sees RBNZ Raising Cash Rate to 6% by April
- Story Stats
- Posted: Feb 8, 2024 6:33pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,151