Tag: RBA
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RBA Governor Michele Bullock Faces Senate, ASX Slips as Gold and Oil Tread Water
RBA Governor Michele Bullock Testifies at Senate Estimates Australia’s central bank was back in the spotlight as RBA Governor Michele Bullock faced questions at the Senate Estimates hearing on Friday. The session focused on monetary policy transmission, housing affordability, and the risks around government guarantees in the First Home Guarantee scheme, drawing direct lines between…
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RBA Governor Michele Bullock Faces Senate Hearing as ASX Hearts the Week End Lower
RBA Governor Michele Bullock front and centre at Senate estimates Australian markets closed the week with modest losses as the Senate Estimates hearing put the spotlight on the Reserve Bank’s role in the country’s housing market and broader inflation dynamics. Governor Michele Bullock faced pointed questions about the central bank’s pandemic-era policy, its influence on…
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RBA Governor Michele Bullock at Senate Estimates Hearing and a Soft-Closing ASX Week
RBA Governor Michele Bullock Faces Senate Estimates Australian central bank governor Michele Bullock appeared before Senate Estimates on a day of mixed signals for the economy. The session focused on monetary policy transmission, housing affordability, and the future path of interest rates as inflation remains a focal point for policy makers. Bullock asserted that while…
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RBA Chief Warns First Home Guarantee Could Drive Riskier Home Loans
RBA Warning: First Home Guarantee and Lending Risk Australia’s central bank, led by Governor Michele Bullock, has signalled concerns that the federal government’s First Home Guarantee could inadvertently push some borrowers toward higher loan-to-value ratios (LVRs). While the Reserve Bank of Australia (RBA) maintains that its monetary policy focus remains on inflation and employment, Bullock…
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First Home Guarantee Risks: RBA Oversight Amid Rising Property Prices
RBA warns of potential risks in the First Home Guarantee Australia’s central bank boss, Michele Bullock, used a Senate estimates hearing to highlight how housing policy settings, particularly the federal First Home Guarantee, could influence borrowers’ risk profiles and the broader financial system. While the Reserve Bank of Australia (RBA) has long distanced itself from…
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RBA Chief Warns First Home Guarantee Could Lift LVRs and Riskier Loans
RBA Warning: First Home Guarantee May Increase LVRs The Reserve Bank of Australia (RBA) is flagging potential risks tied to the federal government’s expanded First Home Guarantee scheme. Central bank governor Michele Bullock told Senate estimates that while the policy aims to boost home ownership, it could, on balance, lead borrowers to take on higher…