RBA - News, Features, and Slideshows

News

• RBA names new CIO

  The Reserve Bank of Australia has appointed a replacement for departing chief information officer Sarv Girn.

• RBA chief dubs bitcoin fascination ‘speculative mania’

  The fascination with virtual currencies feels more like a "speculative mania", the head of Australia's central bank has said.

• How operational resilience helped RBA survive a siege: CIO Sarv Girn

  ​When lone gunman Man Haron Monis entered the Lindt cafe holding a sawn off pump action shotgun in 2014, Sydney's Martin Place, the 'civic heart' of the city, was plunged into a state of chaos and fear.

• Reserve Bank to deploy new core IT platform

  The Reserve Bank of Australia (RBA) has tendered for a replacement core banking solution that will process in excess of 320 million payment and 25 million collection transactions each year.
  

• RBA embraces competition and reverse mentoring to drive innovation

  The Reserve Bank of Australia (RBA) is driving innovation by embracing concepts such as reverse mentoring, internal competitions like 'code-a-thons', and regular collaboration efforts, according to CIO Sarv Girn.

• Joke from RBA boss falls flat

  If Reserve Bank boss Glenn Stevens was trying to make a joke, it wasn't very funny.

• RBA gives no clear pointers on rates

  The RBA annoucement on Tuesday that it will keep the cash rate at 3.5 per cent came with no real hint that further cuts are in the pipeline.

• Retail turnover grows 0.4% in September

  Retail turnover improved across most Australian states and industries in September, continuing a streak of slim overall gains, ABS data shows

• Signs good for Australian economy in 2012

  Australian economic growth is showing early indications of swinging from well below trend in 2011 to above trend in early 2012, but Westpac (ASX:WBC) cautions it is too early to be sure

• RBA leaves cash rate on hold again

  The RBA has once again elected not to change the cash rate, despite the downbeat tone of some economic indicators

• Job ads fall again in August

  Ahead of the release of the official employment figures, ANZ (ASX:ANZ) has estimated that job ads shrank in August for the fourth time in nearly as many months

• Productivity key to improving spending: Stevens

  RBA governor Glenn Stevens believes productivity growth is key improving consumer sentiment, while Nielsen has provided yet another indicator of the extent of the confidence problem

• RBA maintains cash rate again

  The RBA has left the cash rate unchanged at 4.75% again, and projected that Australia's economic growth through 2011 will fall short of initial expectations

• RBA leaves cash rate unchanged

  The RBA board has voted not to touch the cash rate again in June, on the belief that GDP and CPI inflation are returning to their target trajectory as the effects of natural disasters mitigate

• Aust economy set to slow: Westpac

  Westpac and the Melbourne Institute expect economic activity to slow over the next 3-9 months, but do not expect the RBA to increase rates before the September quarter