Happy Thursday.
For the first time since COVID-19 kicked off, Reserve Bank of Australia Governor Philip Lowe revealed the central bank could lift the cash rate in 2022. Speaking before the National Press Club on Wednesday, Lowe said it’s “plausible” the RBA could deviate from its central scenario, which predicts rate hikes no sooner than 2024. Nevertheless, traders and economists have criticised the RBA for remaining dovish as inflationary pressure builds.
Australian success story Canva has acquired the UK data visualisation studio Flourish, The Australian Financial Review reports. The value of the deal was not publicly disclosed. However, the Fin suggested the deal forms a major part of Canva’s plan to form a dedicated London office and expand its European presence. Here’s a jaunty video showing how Flourish can make compelling visualisations… out of COVID-19 statistics.
We love a moral hazard argument, don’t we folks? The Nine papers today report Australia’s biggest banks argued against regulation which would push them to recoup depositors who fall victim…
