Articles for Reserve Bank

Top Federal Reserve bank regulator, under fire from GOP, to step down next month
5 days, 9 hours ago

Top Federal Reserve bank regulator, under fire from GOP, to step down next month

LA Times  

The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Biden that he would step down as vice chair for supervision Feb. 28, or earlier if a successor was confirmed. Sen. Tim …

Financial Trump Senate President Fed Governor Barr
Annual Digest Of IBC Cases: 2024
1 week, 2 days ago

Annual Digest Of IBC Cases: 2024

Live Law  

Supreme Court Case Title: Ansal Crown Heights Flat Buyers Association vs. M/S. : Company Appeal No.231 of 2023 The National Company Law Appellate Tribunal, New Delhi, comprising Justice Ashok Bhushan and Mr. Barun Mitra, has held that the Corporate Debtor cannot be absolved from its liability to discharge its Operational debt by the Insurance Company's payment to the Operational Creditor …

India Justice Delhi Mumbai Supreme Court High Court Corporate
Reserve Bank of India receives bomb threat in Russian via email, probe under way
4 weeks, 1 day ago

Reserve Bank of India receives bomb threat in Russian via email, probe under way

The Hindu  

The Reserve Bank of India in Mumbai received a bomb threat email on Friday, police said. Police have registered a case against an unknown accused in connection with the bomb threat and started an investigation. Delhi bomb threat In a separate incident, over six prominent schools in Delhi received bomb threats via email on Friday morning, triggering immediate security protocols. …

Delhi School Threat Bomb Threat Reserve Bank Of India
Reserve Bank of India gets bomb threat, email in Russian says 'will blow you up'
4 weeks, 1 day ago

Reserve Bank of India gets bomb threat, email in Russian says 'will blow you up'

India Today  

The Reserve Bank of India received an email, threatening to blow up the bank's headquarters in Mumbai with explosives. The threat email was sent to the official email ID of RBI Governor Sanjay Malhotra in the Russian language on December 12, saying "will blow you up". Speaking about the threat email, a senior Mumbai Police officer said, "A threatening email …

Mumbai Bank Russian Rbi Reserve Bank Threat Email Reserve Bank Of India
Sanjay Malhotra takes charge as India’s central bank chief amid rate cut speculation
Top News
1 month ago

Sanjay Malhotra takes charge as India’s central bank chief amid rate cut speculation

Firstpost  

Sanjay Malhotra took charge as the 26th Governor of Reserve Bank of India. He assumes the crucial post at a very critical juncture, where growth and inflation balance has ‘unsettled’ as per his predecessor Shaktikanta Das Sanjay Malhotra takes charge as the 26th Governor of Reserve Bank of India. Sanjay Malhotra took charge as the 26th Governor of the Reserve …

India Bank Charge Rbi Governor Reserve Malhotra
India’s new central bank governor takes over as economic growth slows and inflation rises
1 month ago

India’s new central bank governor takes over as economic growth slows and inflation rises

Associated Press  

NEW DELHI — India got a new central bank governor on Wednesday as the country’s economic growth slows and inflation surges. Sanjay Malhotra, a career civil servant, was appointed to a three-year term as head of the Reserve Bank of India, succeeding Shaktikanta Das, who retired as central bank governor after an extended six-year term. In a brief statement Wednesday, …

India Growth Inflation Economic Growth Central Reserve Bank Malhotra
RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor
1 month ago

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor

ABC  

The Reserve Bank's deputy governor has encouraged Australians not to stress too much about the likely impact on Australia's economy of a tit-for-tat trade war sparked by Donald Trump's presidency, and the problems it may cause for inflation next year. Andrew Hauser says if US president-elect Trump introduces wide-ranging trade tariffs next year, the direct impacts on Australia would probably …

Trade Australia Board Trump Donald Trump Tariffs Hauser
Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision
1 month ago

Major blow for Aussies just before Christmas as Reserve Bank makes interest rate decision

Daily Mail  

Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve Bank denying them a rate cut. Governor Michele Bullock gave a strong hint rate cuts could be months away with inflation still too high, ahead of an election next year. Australian home borrowers have been dealt a severe blow just before Christmas with the Reserve …

Policy China Inflation Monetary Policy High Cent Rate
Why RBI cut CRR to 4% and reduced GDP growth forecast to 6.6%
1 month ago

Why RBI cut CRR to 4% and reduced GDP growth forecast to 6.6%

Hindustan Times  

The Reserve Bank of India has cut the Cash Reserve Ratio by 50 basis points to 4% and reduced its GDP forecast to 6.6% from the earlier 7.2%, Governor Shaktikanta Das announced on Friday, December 6, during his monetary policy decision announcement speech. The RBI cut the CRR because “even as liquidity in the banking system remains adequate, systemic liquidity …

India Growth Rate Reserve Bank Gdp Growth Crr Rbi Cut
RBI to Announce Interest Rate Decision Amid High Inflation
1 month ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

Policy Bank Cent Rate Rbi Mpc Reserve Bank
Karnataka HC Asks RBI To Bring Guidelines For Automatic Credit Of DD Amount To Drawer If Instrument Not Presented To Bank Within Validity Period
1 month, 1 week ago

Karnataka HC Asks RBI To Bring Guidelines For Automatic Credit Of DD Amount To Drawer If Instrument Not Presented To Bank Within Validity Period

Live Law  

The Karnataka High Court has directed the Reserve Bank of India to issue necessary guidelines to be followed by Banks in cases where a demand draft is not presented for clearance during its validity period and whether in such cases the amount covered can be automatically credited to the account of the customer on expiry. A single judge bench of …

Court Bank Ombudsman Demand Rbi Kar Draft
The Reserve Bank is in for major changes, but will it mean anything for interest rates?
1 month, 1 week ago

The Reserve Bank is in for major changes, but will it mean anything for interest rates?

ABC  

Treasurer Jim Chalmers has indicated the looming election was not a factor in the Government's moves to introduce sweeping changes to the Reserve Bank. The move to split the board in two came after a long-running review of the Reserve Bank, which recommended making the change to get more expertise onto the board setting rates. But earlier this year the …

Board Monetary Policy Bank Interest Rates Interest Rates Rba
Woolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened
1 month, 3 weeks ago

Woolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened

ABC  

The minutes of the Reserve Bank Board's recent meeting have just been released. In the minutes from the RBA board's meeting a fortnight ago, the central bank considered risks that could have "important implications for monetary policy" that could result in forecasts being "materially wrong". These include "major changes in the US economic policy following the presidential election" and the …

Board Bank Interest Rates Rba Reserve Bank
Why Aussies with a mortgage could be in for more pain after Donald Trump's election victory
2 months ago

Why Aussies with a mortgage could be in for more pain after Donald Trump's election victory

Daily Mail  

Donald Trump's election victory could deprive Australian home borrowers of rate cuts, a former Reserve Bank board member fears. Donald Trump 's election victory could deprive Australian home borrowers of rate cuts, a former Reserve Bank board member fears Australia is already struggling with high services inflation but a new wave of American-led protectionism could also lead to higher goods …

China Australia Inflation Trump Cent Rate Tariffs
Why house prices are starting to fall
2 months, 1 week ago

Why house prices are starting to fall

ABC  

Sam Hawley: All focus this week will of course be on the US election and we'll be bringing you plenty of coverage. I mean, you know, what we've seen on a longer term perspective back, you know, I don't know, ever since I've been looking at it, you know, since the 60s or 70s, there's always been an ever increasing …

Housing Japan Fall Rate Know Melbourne Sydney
The cheapest home loan interest rate in Australia as banks slash rates
3 months, 1 week ago

The cheapest home loan interest rate in Australia as banks slash rates

Daily Mail  

Australian borrowers tempted by lower fixed rate mortgages should not jump in too soon, amid predictions of even better deals on offer in 2025. Macquarie Bank on Thursday slashed its two and three-year fixed rates by 20 basis points to 5.39 per cent - now Australia's lowest mortgage rate outside of a green loan. But their lowest fixed rates are …

Australia Bank Mortgage Interest Rates Cent Banks Borrowers
The great New Zealand rate hike experiment and where it all went wrong
3 months, 1 week ago

The great New Zealand rate hike experiment and where it all went wrong

ABC  

You have to hand it to the Kiwis. In NZ, interest rates have started to fall Photo shows Skyscapers make up a very business end of town skyline As Australian mortgage holders wait for relief, the Reserve Bank of New Zealand cuts rates and green shoots emerge in the housing market. RBA keeps interest rates at 4.35pc Photo shows Reserve …

Economy Inflation New Zealand Interest Rates Interest Cent Rate
Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words
3 months, 2 weeks ago

Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

Daily Mail  

Reserve Bank chief Michele Bullock has openly mocked Treasurer Jim Chalmers by suggesting she could hypothetically 'smash the economy' with more rate rises. But Ms Bullock has weaponised Dr Chalmers's critique of the most aggressive rate rises in a generation, just three weeks after the Treasurer accused the Reserve Bank of 'smashing the economy'. Reserve Bank chief Michele Bullock told …

Canada Inflation New Zealand Bank Cent Rate Rba
Greens demand hostile takeover of RBA in exchange for passing board reforms in likely death knell for treasurer's bill
3 months, 2 weeks ago

Greens demand hostile takeover of RBA in exchange for passing board reforms in likely death knell for treasurer's bill

ABC  

The Greens are demanding the government intervene to cut interest rates in exchange for their support on the Reserve Bank bill, an unprecedented condition that impedes Treasurer Jim Chalmers' effort to land his reform. However, in a new demand that will almost certainly result in Labor killing the initiative, Greens economic justice spokesman Nick McKim said Mr Chalmers should wield …

Labor Political Reforms Bank Interest Rates Interest Rate
These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?
3 months, 2 weeks ago

These numbers are the clues to the Reserve Bank's puzzle: when will interest rates go down?

ABC  

Perhaps no question matters more to Australians worn down by three years of relentless cost pressures: when will the Reserve Bank cut interest rates? But not too much – which is why when inflation shoots high, the Reserve Bank raises interest rates to suppress demand by making it more expensive to borrow and spend. But the Reserve Bank prefers a …

Inflation Jobs Bank Interest Rates Price Demand Way
Why is the US cutting interest rates? What does it mean for Australia?
3 months, 3 weeks ago

Why is the US cutting interest rates? What does it mean for Australia?

ABC  

The US Federal Reserve has cut interest rates overnight in an important move for the global economy. Economists predicted the Fed would want to start cutting rates before inflation hits 2 per cent because there's a long lag time between interest rate movements and their effect on the economy. It means the Reserve Bank's cash rate target, which sits at …

Australia Inflation Bank Interest Rates Cent Fed Rate
Bullock's Lowe moment has put an end to the uneasy political truce over the RBA
4 months ago

Bullock's Lowe moment has put an end to the uneasy political truce over the RBA

ABC  

Before she set off the chain of events that would reduce the Reserve Bank reforms to a smoking wreckage, Governor Michele Bullock gave a nervous laugh. Hawks and doves The six-month comment may have been meant to reassure "hawks" who believed the Reserve Bank had been too soft, leaving inflation stuck around 4 per cent. When his old boss Wayne …

Inflation Bank Rate Taylor Governor Jim Rba
Why the Reserve Bank will be forced to cut rates before year's end
4 months ago

Why the Reserve Bank will be forced to cut rates before year's end

ABC  

Until just a few weeks ago, it seemed as though the developed world had pulled off what once was thought to be the impossible. And yet, despite this mounting evidence of a critical economic slump, there remains a rump of high-profile economists openly criticising the Reserve Bank of Australia's reluctance to push interest rates above 5 per cent. Parliament House …

Economy Inflation Interest Rates Interest End Rates Rba
Jim Chalmers insults Peter Dutton's 'negativity' and Angus Taylor's 'weakness' after failing to agree on Reserve Bank reforms
4 months ago

Jim Chalmers insults Peter Dutton's 'negativity' and Angus Taylor's 'weakness' after failing to agree on Reserve Bank reforms

ABC  

Treasurer Jim Chalmers has launched an extraordinary broadside at his Coalition counterpart for "weakness" in convincing his party to adopt reforms to the Reserve Bank. Mr Chalmers called a press conference in the "blue room" of Parliament House, usually reserved for policy announcements, to attack Shadow Treasurer Angus Taylor and his party leader Peter Dutton after failing to find agreement …

Labor Board Reforms Coalition Bank Taylor Dutton