Topic: Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is Australia's central bank. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.

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Economic indicators plummet at a rate exceeding that of the Great Recession

Last week, we noted that the extent of financial market turmoil was reminiscent of the global financial crisis (GFC). This week we’ve seen increasing numbers of forecasters suggest that the Coronavir...

How coronavirus is impacting the economy

As more of the economy shuts down, AICD Chief Economist Mark Thirlwell looks at how bad the COVID-19 crisis could get on this week's Dismal Science podcast.

RBA goes unconventional as COVID-19 crises prompts radical policy responses

The economic impact of COVID-19 is unfolding through a series of interconnected crises. In the real economy these will take the form of vicious demand and supply shocks. Although these are now appeari...

Canberra hits the stimulus button as WHO declares pandemic and global markets tumble.

The federal government has announced a $17.6 billion stimulus package designed to support business and jobs. Markets are also pricing in another RBA rate cut at next month’s meeting. Signs of the im...

The economic impact of COVID-19

In this video from #AGS2020, AlphaBeta founder Andrew Charlton and AICD Chief Economist Mark Thirlwell discussed the economic impact of COVID-19 and how businesses need to prepare.

Central banks battle COVID-19 as RBA cash rate hits 0.5 per cent and Fed delivers first emergency ra...

The RBA cut the cash rate by 25bp this week, seeking to protect the economy from the economic and financial market disruption triggered by COVID-19. With only 25bp left before we hit the effective low...

New forecasts, new risks...and some familiar themes

Last Friday, the RBA released its February Statement on Monetary Policy which showed the central bank is now more downbeat on the near-term outlook than it was back in November, due to the twin impact...

Pre-Budget Submission 2020-21

On behalf of the Australian Institute of Company Directors (AICD), I am pleased to provide this submission to Treasury ahead of the release of the 2020-21 Federal Budget.

And we’re off . . . to a pretty mixed start for 2020.

The Weekly is back. And it’s been a mixed start to the new year and the new decade.

MYEFO shows Canberra sticking to its fiscal guns

The Mid-Year Economic and Fiscal Outlook (MYEFO) saw the government stick with (pared back) targets for budget surpluses this year and next but refrain from offering any significant fiscal stimulus.
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