The pressure is on Australia’s major banks to pass on the Reserve Bank of Australia’s 50 basis point cut in full to Australian households and businesses.
In a surprise move, the RBA slashed Australia…
AWU chief Paul Howes' call for the Reserve Bank to tackle more than inflation should serve as an ongoing debate about macroeconomic policy.
AAP
The head of the Australian Workers Union chief Paul Howes has called on the Federal government to urgently review the Charter of the Reserve Bank of Australia, suggesting its current policy setting is…
A slowdown in China's economy is not yet cause for concern in Australia.
AAP
These days, most economic commentators in Australia sing from the same hymn sheet when it comes to discussing our economic prospects: while the ongoing gloom in the US and the outright deterioration in…
Markets responded positively to the central banks' credit lifeline, but serious problems lie ahead.
AAP
For European banks threatened by a looming credit squeeze, the US Federal Reserve’s move to cut the cost of obtaining US dollars rescue hasn’t come a moment too soon.
The Fed’s decision to engage in quantitative…
Unless the US can address structural problems, there no end in sight to this financial crisis.
AAP
Global share markets were faltering even before the decision by Standard & Poor’s to downgrade the US government’s debt. The slump in share markets over the past week reflects a weaker outlook for…
Australia has long since abandoned the goal of full employment.
AAP
While “deficit fetishism” is unsurprising when championed by Liberal politicians or their counterparts in the centre-unity faction of the Labor Party, it is increasingly advocated by those positioned at…
Mexico's Agustin Carstens is expected to lose out to France's Christine Lagarde.
AAP
The International Monetary Fund executive board will complete interviews of the two leading candidates to replace Dominique Strauss-Kahn this week, with the aim of picking a new managing director by June…
Christine Lagarde is the favourite to become the IMF's new chief.
AAP
Speculation last week that Paul Keating and Peter Costello could nominate for the top job at the International Monetary Fund (IMF) was a mere distraction, but the hoopla did manage to highlight a crucial…
There is economic reasoning behind Glenn Stevens's low public profile.
AAP
Late last month, Ben Bernanke held the first ever press conference by a chairman of the US Federal Reserve Bank.
For more than an hour, he took questions about the Federal Open Market Committee’s decision…
