Reserve Bank of Australia

Our RBA Business Analyst Community team attended the Festival of Business Analysis 2024 on October 17. We had employees from all over the bank attend including Banking, IT, Financial Markets, and Payments Settlements. This festival was a fantastic opportunity for industry professionals to share insights on the latest trends, methods, and best practices. We walked away with some amazing ideas and can't wait to put them into action! #BusinessAnalysis #RBACommunity

We have today released our Annual Report for 2024. Read it here. https://ow.ly/rcM050TT2Or

Congratulations to the winners of our third IT Plus awards for 2024! These are people in our IT teams who embody our values and deliver exceptional work. | Living the values | Winner: Tammer Desoukey for showing respect, excellence, integrity and intelligent inquiry. | Excellence in Continuous Improvement and Innovation | Winner: Bill Beattie for displaying initiative and innovation in improving efficiency in the workplace. | Team award | Winner: Minal Sahani, Michael Leslie, Tobias Dawson and Jonathan Kwok for their work behind the scenes to raise the bar of all IT Communications. | Outstanding Customer Service | Winner: Shafi Mohammed, for delivering outstanding customer service over and above role expectations. | Partnership Award | Winner: Georgia Maclean for providing exceptional contributions towards the project needs, empowering and motivating team members and providing assistance. Interested in working with us? We have a number of openings in our technology team. https://ow.ly/gz3Z50TO3K1 #RBACareers

The October Bulletin has been released: https://ow.ly/HpOU50TNbn8

How Do Households Form Inflation and Wage Expectations? Our latest Research Discussion Paper explores the formation of households' wage and inflation expectations using a common dataset and framework, documenting a number of stylised facts. We find that households tend to form wage and inflation expectations somewhat differently. Households associate higher wages growth with good economic outcomes, but higher inflation with worse economic outcomes. Wages expectations also tend to be somewhat more forward looking, while inflation expectations are more backward looking, especially for lower income households, and place a disproportionate weight on past fuel prices. These findings paint a picture of households having a somewhat 'supply-side' view of inflation, where shocks that push up inflation also weaken the economy, but a more 'demand-side' view of wages, where shocks that push up wages also strengthen the economy, which may make communication of monetary policy and the outlook more challenging. Read the paper to learn more: https://ow.ly/7TrZ50TMinE RBA authors are Anthony Brassil, Yahdullah Haidari, Jonathan Hambur, Gulnara Nolan and Callum Ryan. Want to get to know our researchers? Check out our resrearcher profiles: https://ow.ly/WSwk50TMinH

Sarah Hunter, Assistant Governor (Economic), gave a speech titled ‘Inflation Expectations – Why They Matter and How They Are Formed’ at the Citi Australia at New Zealand Investment Conference on 16 October 2024. Read the full speech here: https://ow.ly/c91T50TLlx3

We have commenced our Review into Retail Payments Regulation which will look at the costs merchants face when accepting card payments and the framework for surcharging. Read more here: https://ow.ly/ORAA50TLlyE #PaymentsReview #Surcharging

Explore our latest release of archival records which include the papers relating to Reserve Bank Board meetings (1960 to 1984). These records include the meeting minutes and agendas along with the statistical data and information papers discussed: https://lnkd.in/gm-5yePf

Earlier today, Christopher Kent, Assistant Governor (Financial Markets), gave a speech titled 'A Review of the RBA's Term Funding Facility' at an event hosted by the RBA. Read or listen to the full speech here: https://ow.ly/7V4t50THmuP

Today we released our September Financial Stability Review, a report that focuses on assessing current conditions within the financial system and potential risks to financial stability. Read the report: https://ow.ly/glU650TuY4E #RBA #FinancialStability #CentralBanking #AustralianEconomy #FinancialSystem #Economics