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Reserve Bank of Australia

RBA

Page 7



External CEO appointments typically reflect a board wanting change. ANZ chair says that's not the case with Shayne Elliott's replacement, Nuno Matos.




One economist said today's national accounts figures painted "a picture of a sad economy without much hope". For the treasurer, they were a signal that a soft landing is achievable.


The last time Jim Chalmers prepared to receive his economic scorecard, he sparked a media frenzy by appearing to blame the RBA. This time his approach is markedly different.


In the latest of multiple reviews of payments and surcharging in Australia, industry seems to have only one view in common: it's a mess.


Major changes to the central bank will create two separate boards focused on governance and monetary policy, which means Jim Chalmers has some appointments to make. So, who fits the bill?














The bank is promising a simpler tech platform, lower risk and Suncorp acquisition benefits — but with margins tight, costs rising and competition fierce, will a new story help?





The RBA governor wouldn't be drawn on what the US election result might mean for Australia's economy. But it's clear there will be an impact — for better or for worse.



Interest rate cuts might be just months away. But Woolworths' profit warning today proves the real cost-of-living crisis is far from over.



Despite yield pressure and asset valuation concerns, there's no shrinkage of the appetite for private credit, with major superannuation funds leading the push in Australia.





Reserve Bank deputy governor Andrew Hauser has had a tough ride with the media. But while he impressed today, the reaction to the central bank's minutes show it still faces comms challenges.









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