BNET Business Dictionary

Business Definition for: RBA

  • Reserve Bank of Australia

Additional Resources

RBA Lifts Cash Interest Rate By 25bps
The Reserve Bank of Australia RBA has lifted interest rates for the second consecutive month and indicated future increases could be more gradual, opening the way for no further hikes until next year.The RBA on Tuesday raised the overnight cash rate by 25 basis points to 3.50 per cent,...
Tags: Australia, Board, Interest Rate, Corporate Governance, Financial Planning, Currency & Foreign Exchange, Financial Services, Business Operations, Corporate Law, Finance, AAP
News items 2009-11-03
Banks pounce on RBA rate rise
THE NATION'S four major banks have all swiftly raised their mortgage rates after the Reserve Bank increased the official interest rate by 25 basis points to 3.5 per cent today. The RBA today raised interest rates by 25 basis points to 3.5 per cent, which met the expectations of financial...
Tags: Inflation
News items 2009-11-03
RBA May Hold Rates in Dec: Economists
The Reserve Bank of Australia RBA has left its options open for a pause in rate rises in December, following a guarded upgrading of its economic outlook, economists say.In its quarterly statement on monetary policy on Friday, the central bank said that at 3.5 per cent the overnight cash...
Tags: Bank, Economist, Digital Equipment Corp., Inflation, Currency & Foreign Exchange, Financial Services, Finance, AAP
News items 2009-11-06
RBA begins raising rates 'gradually'
THE Reserve Bank said today's rise in interest rates was the start of a gradual tightening in monetary policy. The board of the RBA announced that it will lift the official cash rate by 25 basis points to 3.25 per cent - the first rate increase in Australia since March...
Tags: economy
News items 2009-10-05
RBA sparks $266bn surge
THE Reserve Bank's interest rate rise triggered a $266 billion share rally in Australia and the US yesterday, sent the Australian dollar through US89c and pushed gold to record levels as a new wave of confidence swept financial markets. But there is growing concern among business leaders domestically that the...
Tags: Dollar, Interest Rate
News items 2009-10-07
RBA chief says rate rise was necessary
AAP Reserve Bank of Australia RBA governor Glenn Stevens says last week's interest rate rise was necessary because the nation is on the road to recovery after fears of a deep economic downturn were unrealised. At a function in Perth on Thursday, an upbeat Mr Stevens said the period of...
Tags: Inflation
News items 2009-10-15
RBA cops a serve from Visa.
ABIX via COMTEX) -- Visa International has indicated that the Reserve Bank of Australia's RBA credit card reforms are excessive. Visa has threatened to initiate legal action against the RBA if the proposals are adopted. Visa executive, Gordon Wheat ABIX via COMTEX) -- Visa International has...
Tags: credit card, Visa Inc.
Research articles 2002-06-26
Visa boss fires salvo over RBA plan.
ABIX via COMTEX) -- Visa International has attacked the Reserve Bank of Australia RBA over its proposed reforms to the payments system. On 26 June 2002, the global credit card provider accused the RBA of lacking accountability and engaging in " ABIX via COMTEX) -- Visa...
Tags: reform, Visa Inc.
Research articles 2002-06-26
RBA puts public face on policy settings.
Aug 08, 2002 The Australian Financial Review ABIX via COMTEX -- The Reserve Bank of Australia RBA is to publish a brief monthly statement on interest rate decisions on its web site. Formerly, the RBA would only publish statements if it decided to raise...
Tags: Federal Open Market Committee, Federal Reserve Board, FINANCE, INTERNET
Research articles 2002-08-08
CBA Will Raise Rates More Than RBA: CEO
Commonwealth Bank of Australia Ltd says it cannot guarantee that increases in interest rates for home lending rates won't exceed those made by the central bank.All big four banks have said that variable mortgage rates may have to rise faster than the Reserve Bank of Australia's rate increases because...
Tags: Bank, Rate, RBA, Financial Services, Finance, AAP
News items 2009-11-09
ECONOMISTS EXPECT AUSTRALIA'S RBA TO CUT RATES AS INSURANCE.
SYDNEY, June 13 Asia Pulse - Most economists believe the Reserve Bank of Australia RBA will cut interest rates in the next few months as insurance against global economic weakness. However, a substantial number of those surveyed by AAP also said the RBA would do it reluctantly because...
Tags: economist, Federal Reserve Board, FINANCE, insurance
Research articles 2003-06-13
RBA likely to hold.
Nov 05, 2002 (The Mercury - ABIX via COMTEX) Economists predict the Reserve Bank of Australia RBA will maintain official interest rates after its November 2002 board meeting. While many economists expect the US Federal Reserve Board will reduce rates, the RBA is...
Tags: economist, Federal Reserve Board, FINANCE
Research articles 2002-11-06
Market nerves as RBA meets.
Jun 29, 2003 (The Age - ABIX via COMTEX) The board of the Reserve Bank of Australia RBA will meet on 1 July 2003 to discuss monetary policy settings. While the central bank is widely expected to cut official interest rates, AMP Henderson Global ...
Tags: bank, Federal Reserve Board, FINANCE
Research articles 2003-06-29
RBA likely to follow Greenspan rate lead.
Feb 1, 2002 The Mercury ABIX via COMTEX -- The Reserve Bank of Australia RBA is expected to duplicate the decision of the US Federal Reserve Board and leave interest rates unchanged. The Federal Reserve has maintained the current US rate of 1.75. The...
Tags: Banking, Federal Reserve Board
Research articles 2002-01-31
All eyes on RBA's view of rate cuts.
Jun 29, 2003 (The Sydney Morning Herald - ABIX via COMTEX) The board of the Reserve Bank of Australia RBA will meet on 1 July 2003 to discuss monetary policy settings. While the central bank is widely expected to cut official interest rates, AMP Henderson...
Tags: bank, Federal Reserve Board, FINANCE
Research articles 2003-06-29
RBA gabfest to ponder asset bubbles.
Aug 17, 2003 (The Australian Financial Review - ABIX via COMTEX) Economists from the Reserve Bank of Australia RBA and several international guests will attend the annual RBA conference on 18 August 2003. The meeting is expected to be dominated by discussion of Australia's...
Tags: asset, Australia, Bank of England, conference, FINANCE
Research articles 2003-08-17
RBA 'planned' card reforms.
May 22, 2003 (The Australian Financial Review - ABIX via COMTEX) MasterCard International and Visa International are challenging credit card reform. The Reserve Bank of Australia RBA and the Australian Competition & Consumer Commission ACCC are implementing reforms in 2003 that will cost the...
Tags: Australian Competition and Consumer Commission, MasterCard International, SALES
Research articles 2003-05-22
RBA may not cut Eftpos fees, says lawyer.
May 24, 2005 (The Australian Financial Review - ABIX via COMTEX) Major Australian retailers haven taken the Reserve Bank of Australia RBA to court over Eftpos fee cuts. In 2004 the RBA announced that it had the jurisdiction to regulate the electronic point of sale...
Tags: Coles Myer, Wesfarmers Ltd.
Research articles 2005-05-24
Rate bonus from RBA.
Apr 03, 2002 The Mercury ABIX via COMTEX -- The Reserve Bank of Australia RBA has decided to leave official interest rates unchanged at 4.25, granting home owners a reprieve. It is now highly likely the RBA will increase rates by 0.25 in May...
Tags: Macquarie Bank Ltd.
Research articles 2002-04-03
RBA's regional push applauded.
Aug 21, 2001 (The Courier-Mail ABIX via COMTEX) -- The Reserve Bank of Australia's (RBA's) decision to open regional offices is being received well. New offices in Perth, Brisbane, Melbourne and elsewhere come in the wake of complaints that the RBA had become too...
Tags: Macquarie Bank Ltd.
Research articles 2001-08-20
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