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Reserve Bank of Australia

RBA

Page 8



The Federal Reserve is widely expect to cut interest rates on Thursday morning, but experts say a disconnect between the US and Australia on monetary policy is likely to endure.







RBA insiders say the past week's public tensions over comments by Jim Chalmers have been 'frustrating'. And they may make the already tough job of reforming the central bank even harder.



RBA governor Michele Bullock today refused to be drawn into the debate over Jim Chalmers' recent comments on interest rates, instead imploring people to focus on the real enemy: inflation.




Are small merchants cross subsidising large ones for digital payment costs? Who should pay for cash? Who's making money from surcharging? The payments debate is heating up.








The Consumer Data Right appeared to have lost the interest of the government despite its huge promise. Now it has a clear agenda, and banks and fintechs are on notice.






Investors hoping this week's market turmoil might increase the chances of a near-term rate cut were left sorely disappointed on Tuesday.






The Albanese government, and millions of Australian homeowners, will be watching closely to see if this week's inflation data increases the likelihood of a rate hike next month.


The millionaire factory's trading update showed it will keep the pressure on margins, with the focus now shifting to Commonwealth Bank and Bendigo Bank results — and the ongoing strength of bank shares.







The banks are facing off with fintechs in the debate over the failure and future of open banking in Australia. Either way, the regime faces obvious challenges.





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