Banks stronger now than in GFC: RBA

30 November

The financial sector is stronger than during the global financial crisis, making it less likely markets will again suffer the severe shock that sent the world into an economic meltdown. Senior Reserve Bank of Australia official Jonathan Kearns says...[Read More]

RBA admits rates forward guidance faults

16 November

The central bank is unlikely to attach dates to future interest rate movement forecasts after the backlash sparked by its cash rate predictions during the COVID-19 pandemic. As part of a review of its more prescriptive “forward guidance”...[Read More]