Damien Hurrell · @damienhurrell
277 followers · 458 posts · Server union.place

The business lobby is throwing all the toys out of the cot because and rank and file voters have successfully lobbied the Labor Party to consider appointing worker representatives to the Board.

To paraphrase George Bailey:

"It's working people who do most of the making and sweating and paying of the interest rates around here: it's not too much to expect that they have someone speaking for their interests while they do it"

news.com.au/finance/economy/au

#unions #reservebank

Last updated 1 year ago

Ganga News · @ganganews
1 followers · 85 posts · Server flipboard.social
Ganga News · @ganganews
1 followers · 73 posts · Server flipboard.social
The Times Of India :press: · @timesofindia
199 followers · 969 posts · Server press.coop

Delhi HC dismisses plea challenging RBI's decision to withdraw Rs 2000 note from circulation

#rbi #rs2000 #reservebank #delhihighcourt #press

Last updated 1 year ago

CryptoNewsBot · @cryptonewsbot
597 followers · 31653 posts · Server schleuss.online

Crypto 'regulatory approach isn't needed now' — New Zealand central bank - Reserve Bank of New Zealand however said that crypto and stableco... - cointelegraph.com/news/new-zea

#nz #rbnz #crypto #newzealand #centralbank #reservebank

Last updated 1 year ago

The Times Of India :press: · @timesofindia
178 followers · 1241 posts · Server press.coop

Today, the released the 27th issue of the (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian… twitter.com/i/web/status/16740

#reservebank #financialstabilityreport #press

Last updated 1 year ago

Joanna Mendelssohn · @oldlillipilli
186 followers · 803 posts · Server aus.social
Richard Forrester - 🐦 escapee · @RichForrest2
164 followers · 3414 posts · Server aus.social
ijenkins99 · @ijenkins99
92 followers · 292 posts · Server aus.social

“RBA rate hikes creating inflation, top economist says, calling for radical policy overhaul”

Good call . When the works in the interests of a smaller and wealthier group of institutions, the outcomes for the rest of us will necessarily become worse.

abc.net.au/news/2023-05-05/ros

#rossgarnaut #reservebank #itsthesystem #changethesystem

Last updated 1 year ago

Gwen · @Seamist
125 followers · 127 posts · Server theblower.au
Bob LeFridge · @BobLefridge
684 followers · 4486 posts · Server mastodon.nz

I don't understand economists' thinking. The Reserve Bank has just lifted the base rate to 5.25% which is going to hurt a lot of people.

stuff.co.nz/business/131702800

#nz #reservebank #interest

Last updated 2 years ago

2/ "Landman believes to be in a recession, since economic growth is not matching up to the 2.1% population growth rate. However, he does not believe South Africa to be a failed State, although some of the State’s functions are indeed failing, such as the ability to supply quality electricity, water and roads.

[...] many State functions that were still working well, including the [...] South African , the [...] Revenue Service and the National Prosecuting Authority"

#southafrica #reservebank

Last updated 2 years ago

CryptoNewsBot · @cryptonewsbot
389 followers · 16082 posts · Server schleuss.online

Australian central bank to launch 'live pilot' of CBDC in coming months - The use cases for the CBDC ranged from offline payments to "trust... - cointelegraph.com/news/austral -aud

#rba #cbdc #e #cbdctrial #cbdcpilot #australia #reservebank #centralbank

Last updated 2 years ago

Aussie News :firstnations: · @aussienews
70 followers · 2133 posts · Server tictoc.social
MIngs🇦🇺 · @MarkIngs
172 followers · 545 posts · Server aus.social

With respect to the role of the RBA I don’t get it. Interest rates are the only mechanism they have to reduce spending and the thought is that a decrease in spending will result from rate rises thereby decreasing inflation

However, the only people affected by rate rises are mortgage holders while those who already own their homes have money and will keep spending. In this climate, are their sufficient mortgage holders to really reduce inflation?

inkl.com/news/reserve-bank-war

#RBA #reservebank #philiplowe #inflation

Last updated 2 years ago

“The board is seeking to keep the on an even keel as it returns inflation to target, but these uncertainties mean that there are a range of potential scenarios. Members agreed that the path to achieving the needed decline in and achieving a for the economy remained a narrow one.”
warns of more interest rate rises and ‘large increases in rents’ amid inflation crisis - The @Guardian via @inkl inkl.com/a/EbEmzZHkZdj

#economy #inflation #softlanding #reservebank #rba

Last updated 2 years ago

gobriango 🐱🇳🇿 · @gobriango19
86 followers · 265 posts · Server mastodon.nz

"None of this says that the Fed shouldn’t be trying to reduce inflation. But you shouldn’t invoke the plight of the poor as a reason for tight money. If anything, tight money, by leading to more slack in labor markets and therefore more unemployment, will disproportionately hurt lower-wage workers."

nytimes.com/2022/11/29/opinion

#nzpol #nzpolitics #inflation #reservebank #ocr

Last updated 2 years ago

John Belchamber · @jrb
174 followers · 411 posts · Server aus.social

I’m sorry, but enough with fucking middle aged, rich, white men getting away with anything without consequences!

I’ve paid the price for every decision I’ve made.

abc.net.au/news/2022-11-28/rba

#rant #reservebank #equity #betterway

Last updated 2 years ago

Mark McGuire · @mark_mcguire
0 followers · 3 posts · Server mastodon.nz

“Monetary policy is a blunt instrument.”
— Paul Conway,
The chief economist of the Reserve Bank of NZ

Q. Who killed the New Zealand economy?

A. Adrian Orr, in the living room, with a blunt instrument.

thekaka.substack.com/p/the-rbn

#nzeconomy #nzpolitics #rbnz #reservebank #interestrates #inflation #bernardhickey #thekaka

Last updated 2 years ago

The Buzz · @thebuzz
183 followers · 132 posts · Server mastodon.au

Philip Lowe has no idea about what life is like for low paid workers. Saw him enjoying his 3 course probably taxpayer funded meal then telling others to tighten their belts. And he laughs about it as he talks. Morrison leftover! Disgusting!

#reservebank #lowehastogo #auspol #afternoonbriefing #abc730 #thedrum #breakfastnews

Last updated 2 years ago