Australia Senate Passes Bill To Overhaul Reserve Bank Board

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Annual growth rate of broad monetary aggregate M3 increased to 3.4% in October 2024 from 3.2% in September Annual growth rate of narrower monetary aggregate M1, comprising ...

I would like to start by acknowledging the Gadigal people of the Eora Nation as the traditional owners and custodians of the land on which we are meeting this evening and pay my respects to Elders, past and present. Thank you to the Committee for Economic Development of Australia (CEDA) for the opportunity to be here tonight. We share an important mission: promoting economic stability and prosperity in Australia. And we also share objectives around economic research and analysis. Groups like CEDA play a crucial role in uniting various sectors of our economy and community to engage in meaningful discussions and debates about the economic challenges facing Australian households and businesses. We live in an increasingly complex world, with cost-of-living pressures persisting, technological change accelerating, ongoing conflicts in several zones around the world, and an ever-changing geopolitical landscape. In the face of these numerous global and domestic uncertainties, both our organisations are confronted with significant challenges. Fundamentally, however, the RBA’s role and focus has not changed, and we are ready to meet these challenges head-on. Toni post: RBA Gov Bullock: Underlying Inflation Still Too High To Consider Near-Term Rate Cut - Policy Will Need To Remain Restrictive Until Confident On Inflation - Our Forecasts Suggest A Sustainable Return To Target Will Occur In 2026