IAA Inc. IAA, +1.13% shares rallied 9.2% in premarket trades Monday after Ritchie Bros. Auctioneers Inc. RBA, +0.26% RBA, -1.53% said it agreed to buy the Westchester, Ill.-based online marketplace Read more
Tag: RBA
RBA slows pace of rate increases as household budgets tighten
SYDNEY–The Reserve Bank of Australia slowed the pace of recent interest-rate increases at a policy meeting Tuesday, citing a deterioration in the global economic outlook and growing concern about tightening Read more
RBA suffers huge accounting losses from bond-buying program
SYDNEY — The Reserve Bank of Australia has suffered huge accounting losses as a result of the government bond-buying program it undertook through the pandemic, leaving it temporarily in a Read more
RBA cuts GDP, unemployment forecasts and ramps up inflation expectations
SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in Read more
RBA official: Risks to Australia’s financial stability ‘a little elevated’
SYDNEY — Financial stability risks in Australia are a “little elevated,” and could worsen if unemployment were to head higher, Reserve Bank of Australia Deputy Gov., Michele Bullock, said Tuesday. Read more