The Reserve Bank has been urged to lift interest rates and governments warned to pull back on infrastructure projects to reduce inflation. In its annual economic health check, the International Monetary Fund concluded Australia’s economy was “resilient” but “sticky” inflation was a cause for concern. “Although inflation is gradually declining,Continue Reading

Former Reserve Bank of Australia governor Glenn Stevens has warned of continued interest rate rises as global economies continue to recover from the financial impacts of Covid-19. Speaking at the Australian Petroleum Production and Exploration Association (APPEA) conference in Adelaide on Tuesday, Mr Stevens used a keynote speech to forecastContinue Reading

Australia’s financial sector was better equipped to deal with the Covid pandemic thanks to a suite of reforms introduced during the global financial crisis. Senior Reserve Bank of Australia official Jonathan Kearns told the Australian Securitisation Conference the reforms made the sector more resilient and avoided a nightmare scenario. “HadContinue Reading