Kraehe

Graham Kraehe, a board member of the Reserve Bank of Australia, said Australia will be hit by Europe's debt crisis, dispelling the notion that the resource-rich nation is immune from global economic turbulence.

Asia-Pacific Economies Gird for Turbulence Farida Husna 2011

"We are going to see the euro zone slowing down world economic growth right across the board," Mr. Kraehe told Dow Jones Newswires.

Asia-Pacific Economies Gird for Turbulence Farida Husna 2011

On the wider resources boom, Mr. Kraehe said demand for resources exports has been a major driver behind the Australian dollar's push above parity against the dollar, another factor that is hurting manufacturers.

BlueScope Chairman Slams Australia's Proposed Carbon Tax Enda Curran 2011

The remarks by Graham Kraehe, who is also a corporate chairman, show that caution about the outlook for global growth is at the fore of the Reserve Bank of Australia's thinking.

Australia Central Banker Shows Caution Enda Curran 2010

Mr. Kraehe said the rush to implement the new carbon policy will have major consequences for manufacturers and the government needs to approach the topic of carbon pricing on a sector-by-sector basis.

BlueScope Chairman Slams Australia's Proposed Carbon Tax Enda Curran 2011

"The economic consequences are huge," Mr. Kraehe said in a speech.

BlueScope Chairman Slams Australia's Proposed Carbon Tax Enda Curran 2011

"I fear they are prepared to sacrifice Australian manufacturing," Mr. Kraehe said.

BlueScope Chairman Slams Australia's Proposed Carbon Tax Enda Curran 2011

Mr. Kraehe the mining sector is recovering after record flooding washed through much of Queensland in December and January, though he noted retailing and construction remain subdued.

BlueScope Chairman Slams Australia's Proposed Carbon Tax Enda Curran 2011

SYDNEY— BlueScope Steel Chairman and Reserve Bank of Australia board member Graham Kraehe warned Tuesday that the government's planned carbon tax would worsen problems caused by a two-speed Australian economy and destroy domestic manufacturing.

BlueScope Chairman Slams Australia's Proposed Carbon Tax Enda Curran 2011

Obviously we don't, said Bluescope chairman Graham Kraehe , who also sits on the nine-person board of Australia's central bank.

Australia's Steelmakers Add To Economic Gloom David Fickling 2011