Australian Govt looking to secure Reserve Bank governor’s services
Australia’s Treasurer Peter Costello says he would like the Reserve Bank governor Ian Macfarlane to continue working with the Government once his time in the job ends. Mr Macfarlane’s term will come to an end end in October this year. The Treasurer would not be drawn today on just when a replacement will be named [...]
Read more »NZ Interest Rates Remain Unchanged
New Zealand’s central bank has kept its official interest rate steady at 7.25 percent despite slowing economic growth, citing a worse-than-expected outlook for inflation. Rising oil prices and a declining New Zealand dollar (NZD) is expected to see inflation rise to 3.9 percent this quarter, Reserve Bank governor Alan Bollard said. Earlier forecasts had seen [...]
Read more »South African Reserve Bank hikes Interest Rates by 50bp!
The South African Reserve Bank’s monetary policy committee (MPC) decided to hike the key interest rate by 50bp to 7.50% at today’s monetary committee meeting – the decision was a bolt from the blue. The decision likely came as a reaction to increasing inflationary pressures in the economy as a result of strong domestic demand [...]
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