News

The first meeting is planned for 6 October, the agenda will include the current challenges facing the economy and the appropriate role of forward guidance in monetary policy. 

TNFD aims to establish and promote the adoption of an integrated risk management and disclosure framework

“There is an overarching focus on women’s experiences of the labour market and the challenge of ensuring women have equal opportunities and equal pay.”

Australia is one of only two OECD economies (the other is New Zealand), and the only G20 country, that does not produce a monthly CPI. 

The Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent.

China spent $297.5 billion last year on the energy transition, while EU member states devoted $155.7 billion and the US $119.7 billion

The Australian Banking Association is working to build awareness about the obligations, which begin in September next year, after a draft package was released in March.

New UK GDP figures this showed the UK economy shrank 0.1 per cent in the second quarter.

Total dwellings approved fell 0.7%; Household spending rose 10.2%; Chinese mortgage securities market has fallen 92%,; The CPI will now be monthly.

“new regime will involve an exponential increase in the number of breaches that need to be reported and many of these will be of a largely administrative nature”.

Australia has slipped down the productivity rankings recently and has instead maintained its rich country status largely through increasing the share of people in the workforce.

“Spending categories most impacted from COVID-19 responses (transport, hotels, cafes and restaurants, and clothing and footwear) have now returned to pre-pandemic levels.”