News list for "Reserve Bank of Australia"
According to Bloomberg, Reserve Bank of Australia (RBA) Governor Michele Bullock made a speech outlining four priority directions to modernize the national payment system, emphasizing that innovation and security go hand in hand. Bullock said the top priority is to upgrade Australia's inter-account payment infrastructure, gradually replacing the ageing bulk electronic clearing system (BECS), and introduce it by 2026.
According to foreign media reports, the Reserve Bank of Australia is almost certain to keep interest rates unchanged at a 12-year high of 4.35% for the seventh time in a row at its meeting on Tuesday, as the flexibility of the labor market and the stickiness of inflation (if it is weakening) force the central bank to maintain a higher interest rate stance for a longer period of time. Employment rose sharply in Australia in August, while the unemployment rate remained stable, which is related to ...
