Thursday, February 12, 2026 at 11:13 PM
Australian Treasurer Jim Chalmers has appointed economist Bruce Preston to fill a vacancy on the Reserve Bank of Australia's policy-setting board, effective March 1, amid rising inflation concerns.
The Reserve Bank of Australia sees the country’s inflation rate as too high and will take all necessary measures to bring it under control, a top central bank official said.
The central bank president is meant to serve until late 2027. Her spokesperson said she is focused on her mission.
Letters to the Fed’s Michelle Bowman ask for information about changes to banking oversight and a plan to conduct a new report on SVB’s failure
BlueBay Asset Management considers higher U.S. Treasury yields needed to attract buyers.
