RBA

• Ian Rogers

Why not pay more if you want to? This is the both sensible and silly retort of banks at the very moment they are being outfoxed from every angle. Paying more turns out to cost more than $100 million... read more

• Ian Rogers

Susan Woods, an RBA insider, is being promoted to the newly established role of Chief Operating Officer at the Reserve Bank of Australia. read more

• George Lekakis

Former Reserve Bank Governor Bernie Fraser has weighed into the debate on whether executive governments should be prevented from challenging the central bank’s decisions on monetary policy. read more

• John Kavanagh

Even if the cash rate and loan interest rates do not move any higher in this monetary policy cycle, payments on household debt as a share of household income will continue to rise through 2024, says t.. read more

• Ian Rogers

One of the biggest stoushes in Australian banking in a long, long time is approaching its crescendo, as the RBA steps up to oversee industry conversations around the economics of cash-in-transit and t.. read more

• John Kavanagh

A priority for the payments industry in 2024 will be getting started on the transition of all domestic direct entry electronic payments from the Bulk Electronic Clearing System to the New Payments Pla.. read more

• John Kavanagh

The Reserve Bank will introduce a number of new procedures and structural changes this year, starting at its monetary policy meeting next month, while other changes recommended by the RBA Review requi.. read more

• John Kavanagh

Non-bank business lenders are finishing the year strongly, with a number of recent capital raising initiatives by lenders operating through managed investment schemes and a recovery in the securitisat.. read more

• Lynn Grieveson

Reserve Bank governor Michele Bullock has warned that the central bank may use its payments system regulatory powers to speed-up the rollout of least cost routing to merchants, saying progress has bee.. read more

Five per cent of home loan borrowers have insufficient income to cover their mortgage payments plus essential expenses, and around 2 per cent have both an income shortfall and low savings, the Reserve.. read more

• Banking Day staff

Senior Treasury official Sarah Hunter will join the Reserve Bank in January as its chief economist and assistant governor (economics). read more

• Ian Rogers

Reserve Bank of Australia staff have endorsed a three-year enterprise agreement, following a second vote that closed last Thursday. read more

• John Kavanagh

The frequency of merchants surcharging on card transactions has increased over the past few years, and merchants are just as likely to surcharge on a debit card transaction as on a credit card payment.. read more

• Banking Day staff

Senior Bank of England officer Andrew Hauser will join the Reserve Bank as its deputy governor. read more

• George Lekakis

While most banking industry workers are already pocketing 5 per cent salary rises, the RBA and the FSU remain at loggerheads over pay and conditions after six months of sporadic and almost fruitless e.. read more

• Bernard Kellerman

The message for attendees at the ASF Conference in Sydney is that despite the tightening of financial conditions, securitisation issuance remains resilient. read more

• Ian Rogers

Sally Cray has been appointed to the newly-created position of chief communications officer at the Reserve Bank. read more

• Ian Rogers

On Friday, Banking Day reported (correctly) that the RBA’s 2023 annual report disclosed a 10.5 per cent rise in the remuneration for then-governor Philip Lowe. There is nuance behind this number, howe.. read more

• Ian Rogers

Reserve Bank staff campaigning for a better pay offer from the bank will underline the pay benchmark set from the top – with governor Philip Lowe paid 11 per cent more in FY2023. As expected, the RBA.. read more

• George Lekakis

The Reserve Bank is facing the prospect of industrial action as its hardball negotiations with the Finance Sector Union intensify with no sign of agreement. read more