News from Victoria's fastest growth region
Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central
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The Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) (the regulators) are today publishing a
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At its meeting today, the Payments System Board discussed a number of issues, including: The Bank’s Review of Retail Payments
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The 26th EMEAP[1] Governors’ Meeting was held via video conference on 12 August 2021. The meeting was attended by Governors of
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The Reserve Bank has welcomed the announcement that the Digital Finance Cooperative Research Centre (CRC) has been selected to receive
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To promote economic literacy and ensure the long-term health of the economics discipline, it is important to address the sharp decline in the size and diversity of the economics student population. Administrative data from the University Admissions Centre (UAC) provides information about how students transition from high school to university…
Read moreThe Reserve Bank’s annual survey of bank fees shows that their fee income from both households and businesses in Australia declined notably over 2020 due to the disruption to economic activity caused by the COVID-19 pandemic. Source: Reserve Bank of Australia [2021]…
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This article discusses the effect that low interest rates may have on bank profits, and reviews the experience of banks in economies that have had very low interest rates for an extended period. In the short to medium run, low or negative interest rates appear to reduce bank profits only…
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Underemployment in Australia has been moving higher for several decades. This article reviews the trends that have been driving this, including the long-run increase in part-time employment and changes in how the labour market adjusts to fluctuations in labour demand. The article also discusses the implications of the upwards trend…
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Globally, the fiscal policy response to the COVID-19 crisis has been the largest and fastest in peacetime. Governments have prioritised direct fiscal support for private incomes and employment, which has limited economic scarring and established a solid foundation for the recovery. The size and composition of the fiscal response has…
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