A former Reserve Bank governor has slammed the government’s intention to remove a provision that allows the treasurer to override a decision from the central bank. The government has introduced legislation following last year’s Reserve Bank review to “modernise” the central bank, including a provision to remove section 11 ofContinue Reading
Treasurer Jim Chalmers has hit back at Peter Costello over his scepticism of the government’s RBA overhaul, claiming the former liberal treasurer was “factually wrong” in his take-down. Dr Chalmers spoke out after Mr Costello penned a scathing review of the government’s shake-up of the central bank in The AustralianContinue Reading
The Reserve Bank expects 140,000 people will lose their jobs by the end of 2025. And in just nine days time, Philip Lowe will be one of them. After a 43-year career at the country’s central bank and a seven-year stint as its head, outgoing governor Philip Lowe will soonContinue Reading
The opposition’s finance spokesperson says the government has “demonised” Reserve Bank governor Philip Lowe, and says it would be a “real shame” if he was axed. A day after the central bank left the cash rate on hold for only the second time since last May, Jane Hume praised DrContinue Reading
Tragedy has struck a small mining community in Queensland after two Barminco employees lost their lives in a mining accident this week. Dylan Langridge and Trevor Davis, respected workers and family men were killed when their ute fell about 15m down a void within a previously backfilled stope at theContinue Reading