The Latest Breaking News from the Reserve Bank

Business & investing: NZ economists warn better-than-expected GDP data likely to be temporary, and US Federal Reserve held its benchmark interest rate steady for a second time 

Misinformation is circulating about recommendations concerning the Reserve Bank board made by the RBA Review, of which I was a member.

MUMBAI: The Reserve Bank on Friday decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which was put in place to absorb surplus liquidity following the withdrawal of Rs 2,000 currency notes, in a phased manner beginning Saturday. On August 10, the RBI mandated banks to maintain an incremental cash…

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

He called the exercise a “backdoor monetisation of the fiscal deficit by the central bank”.

The chair of the board of the Reserve Bank has been criticised for working with the National Party on a new policy in his capacity as the vice-chancellor of the University of Waikato.

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

Surely Reserve Bank Governor Philip Lowe won’t move to a private bank after his term as governor ends next week.

Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their home loan