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The Reserve Bank is currently governed by the Reserve Bank Act 1959. [4] Section 10(2), commonly referred to as the Bank's charter, states that Bank's duty is "to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia" to be achieved by exercising its powers "to contribute to:
The RBA Board meets regularly, and following each meeting, a media release is issued at 2:30 pm Sydney Time announcing any changes to the Cash Rate Target, which take effect the next day. [2] They meet eight time a year as of 2024 instead of 11 in prior years. Previously they would meet the first Tuesday of the month excluding January.
Michele Bullock (born 1962/1963) is an Australian economist who is currently governor of the Reserve Bank of Australia (RBA). She commenced as governor on 18 September 2023, and is the first woman to hold the role.
What to expect at the Fed's next policy meeting: January 28–29, 2025. It's expected the Federal Reserve will hold the Fed rate at 4.25% to 4.50% after its policy meeting on January 28 and ...
He was made Assistant Governor (Financial System) at the RBA in 2004, and Assistant Governor (Economic) in 2009, eventually becoming Deputy Governor in 2012. [10] In May 2016, Scott Morrison (the Treasurer of Australia ) announced that Lowe would succeed Glenn Stevens at the head of the RBA at the end of his term in September 2016. [ 11 ]
WASHINGTON (Reuters) -January brings several consequential dates for the U.S. Congress as Republicans consolidate power as a result of last November's elections with full control of the Senate ...
On 27 July 2023, the Electoral Commissioner determined the number of members of the House of Representatives to be chosen in each state and territory.
PEOPLE had an advanced look at the episodes, which also explores the 41-year-old quarterback’s career and controversies off the field. The series began streaming on Tuesday, Dec. 17.