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Showing 1 - 10 of 10 results for "monetary policy"

RBA sets 2030 net zero target

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023  |  NEWS
... Bullock made the announcement in a wider speech assessing how the economic effects of climate change may affect monetary policy, including the merits of flexible inflation targeting. Bullock noted that the bank's flexible inflation target is between ...

No role for monetary policy to address climate change

RACHEL ALEMBAKIS  |  THURSDAY, 20 APR 2023  |  NEWS
The Reserve Bank of Australia (RBA) should "take account of climate risks but not use monetary policy to address them," a recommendation made as part of a sweeping overhaul of how the central bank functions. As reported in sister publication Financial ...

Fink counts the cost of "easy money" in annual letter

RACHEL ALEMBAKIS  |  THURSDAY, 16 MAR 2023  |  NEWS
... inflationary pressure was the first domino to drop after years of "easy money" in terms of aggressive global fiscal and monetary policy. The second domino could be asset-liability mismatches such as that demonstrated in the collapse of Silicon Valley ...

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... entities regulated by ASIC." Longo said central banks "now suggest that climate policy sits alongside fiscal and monetary policy, as the third pillar of macro-economic policy." ASIC's strategy has three features - enforcing existing laws, including identifying ...

ASIC greenwashing investigations continue

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... entities regulated by ASIC." Longo said central banks "now suggest that climate policy sits alongside fiscal and monetary policy, as the third pillar of macro-economic policy." ASIC's strategy has three features - enforcing existing laws, including identifying ...

RBA deputy governor to join Fortescue Future Industries

RACHEL ALEMBAKIS  |  THURSDAY, 10 MAR 2022  |  NEWS
... outstanding service to the RBA over many years," said RBA governor Philip Lowe. "He has made major contributions to monetary policy, to financial market operations and to the management of the bank. Guy has been a great colleague and I wish him all the ...

RBA, APRA outline COP26 commitments

RACHEL ALEMBAKIS  |  FRIDAY, 5 NOV 2021  |  NEWS
... monitor the implications of climate change and related mitigation policies for the economy and the transmission of monetary policy through financial markets and the banking system to households and businesses. "The RBA will also continue to augment its ...

Global digitalisation impacting environmental, social factors

RACHEL ALEMBAKIS  |  TUESDAY, 23 MAR 2021  |  NEWS
... outlooks. They note that valuations are high in certain parts of the market, saying "with extremely accommodative monetary policy, and central banks committed to supporting higher growth, the conditions do exist for further equity market upside; however ...

Considering potential ESG implications of the US election

RACHEL ALEMBAKIS  |  THURSDAY, 5 NOV 2020  |  NEWS
... be less," they said. "This will dampen the outlook for US GDP growth. It will also likely prolong the need for monetary policy support." Given that another round of stimulus spending will be needed to offset the economic damage stemming from the ongoing ...

CBI, WWF call upon central banks, prudential regulators for climate action

RACHEL ALEMBAKIS  |  FRIDAY, 18 OCT 2019  |  NEWS
... forward in that process. Developing and expanding response mechanisms using central banks prudential regulation & monetary policy toolkit to offset climate risk and support orderly transition is the next stage." The report further calls on central banks ...
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