Stephen Grenville News Today

Westpac’s CEO Peter King says he knows borrowers can handle another one or two rate rises. What’s behind his comments?

A former governor of the central bank believes that giving part-time appointees majority control over interest rates is a radical step.

Outgoing RBA governor’s record; Voice objections; Marx and higher education; teaching methods; climate and cost of living; Brisbane fuel prices; Forrests and the Rich List.

The RBA has faced a series of claims and recommendations in submissions to the independent review of the central bank that were made public on Thursday.

Recently, Iran applied to join BRICS, a group consisting of Brazil, Russia, India, China and South Africa. On a global level, this forum represents 40% of the world population and 26% of the world economy.

Recently, Iran applied to join BRICS, a group consisting of Brazil, Russia, India, China and South Africa. On a global level, this forum represents 40% of the world population and 26% of the world economy.

Australia’s new prime minister has made it clear Indonesia is of utmost diplomatic importance to Australia.

Beijing sought to make Australia pay as a diplomatic freeze deepened. But the sanction didn’t entirely go to plan.

Historic change sees RBA leave the dog days behind Save Share The RBA governor’s statement after Tuesday’s board meeting would have been remarkable before late 2019 for its reference to full employment. It would have been remarkable before the first half of 2020 for its commitment to interest rates near zero for cash and out along the yield curve. It would have been remarkable until recently for its acceptance of RBA purchases of large quantities of government bonds. There has been a ...

The RBA has been forced into lockstep with a misguided US Federal Reserve held hostage by volatile financial markets. Originally published in the Australian Financial Review.