RBA

The new $50 banknote enters general circulation tomorrow, marking a milestone in the upgrade of Australia's banknotes. The $50 is the most widely circulated banknote, accounting for nearly half of the total value of banknotes in use, and it is the denomination primarily used in ATMs. The new $50 is the third denomination in the new series of banknotes and follows the release...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention to the risks in the financial sector. Globally,...

The Council of Financial Regulators (CFR) today released an Issues Paper, Review of Retail Payments Regulation: Stored-value Facilities for public consultation. The Issues Paper is part of a CFR review of the regulatory framework for stored-value facilities, such as purchased payment facilities. The review will also consider the operation of a number of other aspects of the regulation of retail payments service providers that may...

As announced by the Governor Philip Lowe yesterday in his comments in Perth, the new $50 banknote will be released into general circulation from 18 October 2018. The Governor noted that the new $50 banknote features portraits of Aboriginal writer and inventor David Unaipon and Australia's first female member of parliament Edith Cowan, both prominent advocates for social inclusion. The...

Number 2018-20 Date 30 August 2018 Routine maintenance of the Reserve Bank of Australia's fire control systems caused an interruption of power to the Bank's main data centre. We can confirm that retail and corporate customers are able to make and receive payments, including payments made through the New Payments...

At its meeting today, the Payments System Board discussed a number of issues, including: The assessment of the ASX Clearing and Settlement Facilities. The Board approved the Bank's 2018 assessment, which will be published after it has been provided to the Assistant Treasurer and the Australian Securities and Investments Commission. The ASX CHESS replacement consultation....

The Reserve Bank of Australia and Bank Indonesia have come to an agreement to renew their Bilateral Local Currency Swap Agreement, which is due to expire in December 2018. As with the existing facility, the agreement will span a period of three years and allow for the exchange of local currencies between the two central banks of up to A$10 billion or IDR 100 trillion. The agreement is...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention to the risks in the financial sector. Globally,...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth....

The Reserve Bank hosted a roundtable discussion on innovations in small business finance yesterday, along with the Australian Treasury and the Australian Finance Industry Association. The roundtable was chaired by Christopher Kent, Assistant Governor (Financial Markets) of the Reserve Bank. Small businesses are very important for the economy, but they face challenges accessing finance. Entrepreneurs find...