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Reserve Bank Australia

Reserve Bank of Australia

The Reserve Bank of Australia (RBA) came into being on 14 January 1960 as Australia's central bank and banknote issuing authority, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. The bank has the responsibility of providing services to the Government of Australia in addition to also providing services to other central banks and official institutions. It currently consists of the Payments System Board, which governs the payments system policy of the bank, and the Reserve Bank Board, which governs all other monetary and banking policies of the bank.

Videos by Reserve Bank of Australia

Topical Talk: The Economic Effects of COVID-19 and the Recovery – as at 13 May 2021

Bradley Jones, Head of Economic Analysis, talks about the economic effects of COVID-19 on the Australian economy and how the economy has recovered. (This was presented as part of the Topical Talk series, which supports teacher professional development.)

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Topical Talk: Determinants of the Australian Dollar over Recent Years – as at 18 August 2021

Tim Atkin and Isabel Hartstein discuss some of the factors that have driven the Australian dollar over recent years. (This webinar was presented as part of the RBA’s Topical Talk series, which supports teacher professional development.)

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Summary of Current Economic Conditions – data as at 5 August 2021

Our economist, Matthew Larkin, provides an update on the Australian economy.

Statement of Monetary Policy (August 2021) – https://www.rba.gov.au/publications/smp/2021/aug/
Video Explainers (Monetary Policy) – https://www.rba.gov.au/education/resources/videos.html#monetary-policy_video-explainers/
Monetary Policy Decision (Aug 2021) – https://www.rba.gov.au/media-releases/2021/mr-21-14.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Speech by Governor Philip Lowe – 6 July 2021

The full speech is available on our website: https://bit.ly/3qMTU8a

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Summary of Current Economic Conditions – data as at 7 May 2021

Rachael Fitzpatrick, Economic Analysis, provides an update on the Australian economy.

Statement of Monetary policy (May 2021) – https://www.rba.gov.au/publications/smp/2021/may/
Video Explainers (Monetary Policy) – https://www.rba.gov.au/education/resources/videos.html#monetary-policy_video-explainers/
Monetary Policy Decision (May 2021) – https://www.rba.gov.au/media-releases/2021/mr-21-06.html
The Recovery, Investment and Monetary Policy (Speech by Governor Lowe) – https://www.rba.gov.au/speeches/2021/sp-gov-2021-03-10.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Australia’s Inflation Target

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/eTNUh8NW7QI
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/1RUYjhmI8-M
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/lwu3-5_harI

Monetary Policy Transmission
Monetary Policy Transmission: Four Channels – https://youtu.be/WeSram2P178
Asset Prices and Interest Rates – https://youtu.be/_9ShbqpPHWs
Monetary Policy Transmission: Economic Activity Employment and Inflation –

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Monetary Policy Transmission – Four Channels

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/eTNUh8NW7QI
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/1RUYjhmI8-M
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/lwu3-5_harI

Monetary Policy Transmission
Monetary Policy Transmission: Four Channels – https://youtu.be/WeSram2P178
Asset Prices and Interest Rates – https://youtu.be/_9ShbqpPHWs
Monetary Policy Transmission: Economic Activity Employment and Inflation –

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Asset Prices and Interest Rates

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/eTNUh8NW7QI
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/1RUYjhmI8-M
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/lwu3-5_harI

Monetary Policy Transmission
Monetary Policy Transmission: Four Channels – https://youtu.be/WeSram2P178
Asset Prices and Interest Rates – https://youtu.be/_9ShbqpPHWs
Monetary Policy Transmission: Economic Activity Employment and Inflation –

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Monetary Policy Transmission – Economic Activity Employment and Inflation

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/eTNUh8NW7QI
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/1RUYjhmI8-M
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/lwu3-5_harI

Monetary Policy Transmission
Monetary Policy Transmission: Four Channels – https://youtu.be/WeSram2P178
Asset Prices and Interest Rates – https://youtu.be/_9ShbqpPHWs
Monetary Policy Transmission: Economic Activity Employment and Inflation –

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Drivers of the Australian Dollar Exchange Rate

Videos
Introduction to the Australian Dollar Exchange Rate – https://youtu.be/6sBpheEC2Zs
Exchange Rates and the Australian Economy – https://youtu.be/KEYAIQv_KFM

Explainers
Exchange rates and their measurement – https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-their-measurement.html
Exchange rates and the Australian economy – https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-the-australian-economy.html
Drivers of the Australian Dollar exchange rate – https://www.rba.gov.au/education/resources/explainers/drivers-of-the-aud-exchange-rate.html
Transmission of monetary policy – https://www.rba.gov.au/education/resources/explainers/the-transmission-of-monetary-policy.html
Bonds and the yield curve –

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Exchange Rates and the Australian Economy

Videos
Introduction to the Australian Dollar Exchange Rate – https://youtu.be/6sBpheEC2Zs
Drivers of the Australian Dollar Exchange Rate – https://youtu.be/KGajISLJbLU

Explainers
Exchange rates and their measurement – https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-their-measurement.html
Exchange rates and the Australian economy – https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-the-australian-economy.html
Drivers of the Australian Dollar exchange rate – https://www.rba.gov.au/education/resources/explainers/drivers-of-the-aud-exchange-rate.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/​

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Introduction to the Australian Dollar Exchange Rate

Videos
Exchange Rates and the Australian Economy – https://youtu.be/KEYAIQv_KFM
Drivers of the Australian Dollar Exchange Rate – https://youtu.be/KGajISLJbLU

Explainers
Exchange rates and their measurement – https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-their-measurement.html
Exchange rates and the Australian economy – https://www.rba.gov.au/education/resources/explainers/exchange-rates-and-the-australian-economy.html
Drivers of the Australian Dollar exchange rate – https://www.rba.gov.au/education/resources/explainers/drivers-of-the-aud-exchange-rate.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/​

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Summary of Current Economic Conditions – data as at 5 February 2021

Tomas Cokis, Economic Analysis, provides an update on the Australian economy.

Statement of Monetary Policy (February 2021) – https://www.rba.gov.au/publications/smp/2021/feb/
Monetary Policy Decision (February 2021) – https://www.rba.gov.au/media-releases/2021/mr-21-01.html
The Year Ahead (Speech by Governor Lowe) – https://www.rba.gov.au/speeches/2021/sp-gov-2021-02-03.html

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Graduate Recruitment – IT

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How our bond purchases help the economy

We have been purchasing bonds issued by the Australian Government and the states and territories. Find out how these bond purchases help the economy.

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Facebook – https://www.facebook.com/reservebankau/
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Conventional Monetary Policy Tools: The Cash Rate Target

Gian-Piero (Gigi) Lovicu introduces the RBA’s cash rate target.

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Explainers
Explainer: How the Reserve Bank Implements Monetary Policy
https://www.rba.gov.au/education/resources/explainers/how-rba-implements-monetary-policy.html

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Unconventional Monetary Policy Tools: Part 2

Gian-Piero (Gigi) Lovicu discusses unconventional monetary policy tools (Term Funding Facility and adjusted market operations).

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Other Videos
Bonds and the Yield Curve – https://youtu.be/xPKGvFVrjBM

Explainers
Explainer: Unconventional Monetary Policy

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Unconventional Monetary Policy Tools: Part 1

Gian-Piero (Gigi) Lovicu discusses unconventional monetary policy tools (forward guidance and asset purchases).

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Other Videos
Bonds and the Yield Curve – https://youtu.be/xPKGvFVrjBM

Explainers
Explainer: Unconventional Monetary Policy

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Interest Rates: Short- and Longer-term

Gian-Piero (Gigi) Lovicu discusses concepts related to short- and longer-term interest rates.

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Other Videos
Bonds and the Yield Curve – https://youtu.be/xPKGvFVrjBM

Explainers
Explainer: Bonds and the Yield Curve

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Bonds and the Yield Curve

Kate Fernandes introduces key concepts related to bonds, the bond market and the yield curve.

Explainers
Explainer: Bonds and the Yield Curve
https://www.rba.gov.au/education/resources/explainers/bonds-and-the-yield-curve.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Interest Rates: Introduction

Gian-Piero (Gigi) Lovicu discusses key concepts related to interest rates.

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Objectives of Monetary Policy

Gian-Piero (Gigi) Lovicu discusses the objectives of monetary policy.

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Explainers
Explainer: What is Monetary Policy?
https://www.rba.gov.au/education/resources/explainers/what-is-monetary-policy.html

Resources for teachers and students are available on

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Introduction to Monetary Policy

Gian-Piero (Gigi) Lovicu introduces key concepts related to monetary policy.

Explainer Videos
Introduction to Monetary Policy – https://youtu.be/5hgPpX7H_Ak
Objectives of Monetary Policy – https://youtu.be/RfNkEy0wnlo

Monetary Policy Tools
Interest Rates: Introduction – https://youtu.be/Z1fF1Cfu4TU
Conventional Monetary Policy Tools: the Cash Rate Target – https://youtu.be/8_Lv876wgvU
Interest Rates: Short- and Longer-term – https://youtu.be/i0CKI5tN_rk
Unconventional Monetary Policy Tools: Part 1 – https://youtu.be/Axo1bbiowsA
Unconventional Monetary Policy Tools: Part 2 – https://youtu.be/eTnkngGNlv8

Explainers
Explainer: What is Monetary Policy?
https://www.rba.gov.au/education/resources/explainers/what-is-monetary-policy.html

Resources for teachers and students are

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Design Your Own Banknote Activity

Discover your own skills as a designer by creating your own Australian themed banknote!

Parents and carers can share your design with us on Instagram and Facebook by using the hashtag #RBABanknotes. We’ll be highlighting some of our favourite designs on our Instagram and Facebook pages.

Follow our other social media channels to receive updates:
Facebook: https://www.facebook.com/reservebankau/
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Summary of Current Economic Conditions – data as at 5 November 2020

Gigi Lovicu provides an update on the Australian economy.

Statement of Monetary Policy – November 2020: https://www.rba.gov.au/publications/smp/2020/nov/
Phil Lowe Speech – Today’s Monetary Policy Decision (3 November): https://www.rba.gov.au/speeches/2020/sp-gov-2020-11-03.html
Illustrator – Unconventional Monetary Policy:
https://www.rba.gov.au/education/resources/illustrators/pdf/unconventional-monetary-policy.pdf

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Calculating Inflation

Stefano Tornielli di Crestvolant talks about the calculation of inflation.

Introduction to Inflation video: https://youtu.be/5EVwXhG25p0
Measures of Inflation video: https://youtu.be/NxTycaLY3oE
Inflation and its Measurement explainer: https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html
Inflation Explorer: https://www.rba.gov.au/education/resources/digital-interactives/inflation-explorer/

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Measures of Inflation

Stefano Tornielli di Crestvolant talks about the different ways of measuring inflation.

Introduction to Inflation video: https://youtu.be/5EVwXhG25p0
Calculating Inflation video: https://youtu.be/XJlx5VvlveQ
Inflation and its Measurement explainer: https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html
Australia’s Inflation Target explainer: https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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Introduction to Inflation

Stefano Tornielli di Crestvolant introduces the concept of inflation.

Calculating Inflation video: https://youtu.be/XJlx5VvlveQ
Measures of Inflation video: https://youtu.be/NxTycaLY3oE
Inflation and its Measurement explainer: https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html
Inflation Target explainer: https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html
Introduction to Monetary Policy video: Forthcoming
Reading and Interpreting Charts – Introduction: https://youtu.be/lKTXeP8ITvM
Reading and Interpreting Charts – Examples: https://youtu.be/5rPXwaa05bY

Resources for teachers and students are available on our website: https://www.rba.gov.au/education/

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