RBA

The Reserve Bank and the Australian Payments Council (APC) today issued a consultation paper seeking stakeholder views on the migration of messaging used in some parts of the Australian payments system to the International Organization for Standardization (ISO) 20022 payments messaging standard. The Australian payments system comprises a number of payment services,...

Joint statement from the South Pacific Governor's Meeting[*] At a meeting in Auckland yesterday, the Governors of the nine central banks agreed a vision for the group to ‘collaborate to promote the prosperity and economic wellbeing of our member nations’. The governors started a project to explore how to improve access to, and lower the cost of, capital flows and international...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The outlook for the global economy remains reasonable, although growth has slowed and downside risks have increased. Growth in international trade has declined and investment intentions have softened in a number of countries. In China, the authorities have taken steps to ease financing conditions, partly in...

The Reserve Bank of Australia has extended its bilateral local currency swap agreement with the Bank of Japan for a further three years. The agreement is designed to enhance the financial stability of the two countries and allows for the exchange of local currencies between the two central banks of up to AUD 20 billion or JPY 1.6 trillion. An initial swap agreement between the two central banks had been signed in...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy grew above trend in 2018, although it slowed in the second half of the year. The slower pace of growth has continued into 2019. The outlook for the global economy remains reasonable, although downside risks have increased. The trade tensions remain a source of uncertainty. In China, the...

Consultation on the Operation of the Bank’s Interchange Standards The Reserve Bank today issued a consultation paper seeking stakeholder views on some proposed variations to Standards No 1 and No 2 determined by the Bank in 2016. Both standards relate to the setting of interchange fees in designated card schemes and net payments to issuers in those schemes. In...

Number Date Note for editors The February 2019 PSB Meeting was held in the afternoon of 22 February, due to the Governor's Parliamentary appearance that morning. The post-meeting media release was accordingly not published until the morning of the next business...

The Reserve Bank has today revealed the design of the new $20 banknote, which will be released into general circulation in October 2019. As with the existing banknote, the new $20 features portraits of Mary Reibey and Reverend John Flynn. Governor Philip Lowe said: ‘The new $20 banknote continues to celebrate the lives of two outstanding Australians. Their stories are told through the images we have...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy grew above trend in 2018, although it slowed in the second half of the year. Unemployment rates in most advanced economies are low. The outlook for global growth remains reasonable, although downside risks have increased. The trade tensions are affecting global trade and some investment...

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing and unemployment rates in most advanced economies are low. There are, however, some signs of a slowdown in global trade, partly stemming from ongoing trade tensions. Growth in China has slowed a little, with the authorities easing policy while continuing to pay...