Former Reserve Bank of Australia governor Glenn Stevens once told parliamentarians that the Australian business community was lacking the "animal spirits" that were needed to drive economic growth.
New Reserve Bank governor Philip Lowe kept a steady hand at the tiller using his first monthly board meeting to leave the cash rate at record low 1.5 per cent.
Outgoing Reserve Bank governor Glenn Stevens has warned that any major boost to the economy might have to come from government spending rather than interest rates.
The Reserve Bank of Australia has held the official interest rate at a record low, but left the door wide open to a rate cut next month and perhaps even more.
Reserve Bank of Australia governor Glenn Stevens painted a mildly positive picture of the nation when he fronted a House of Representatives economics committee hearing today, saying the economy is growing at a modest pace despite the challenges of falling terms of trade and a wind-down in mining sector investment.
Bank bashing is an old sport usually practised by external critics, but 2016 could be the year when big banks discover that their greatest threat comes from within – something that should concern bank shareholders as much as employees.
Traditional businesses were slow to wake up to the threat posed by disrupters such as Uber and Airbnb, but they're now warned and should prepare for further assaults.
Wesfarmers chairman Michael Chaney has disagreed with Reserve Bank of Australia Governor Glenn Stevens' view that big companies have not reduced hurdle rates for investment decisions amid falling interest rates, in an address at this morning's Business News Success & Leadership breakfast.
Reserve Bank of Australia governor Glenn Stevens has pointedly refused to endorse the decision by the banks to protect their profits by jacking up home loan rates.
The Reserve Bank of Australia has resisted temptation to slash interest rates to another historic low, but has flagged the possibility of cuts in the near future.
The average home price dropped 0.3 per cent, to $545,000, in Perth in the 12 months to March, against a national average gain of 6.9 per cent, to $576,100.
In a recent interview, RBA governor Glenn Stevens suggested the Australian dollar might fall to US75 cents in 2015. And he intimated that it wouldn't be a bad thing.
Retail investors in Western Australia love their Wesfarmers and Woodside shares. Professional investors are not so sure, and neither is the governor of the Reserve Bank of Australia, Glenn Stevens.
Consumer confidence within Western Australia has slumped to near record lows with the closure of high-profile businesses on the east coast and the prospect of higher interest rates rattling households.
Business News for Western Australia. Tuesday August 6. Jessica Taylor reports. RBA cuts cash rate to record low. Perth house prices fastest rising in Australia. Downer EDI records profit increase and more
