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Reserve Bank 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.

RBA

Pacific central bankers prioritise capital flows and climate change

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...

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Statement by Philip Lowe, Governor: Monetary Policy Decision

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...

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Bilateral Local Currency Swap Agreement With the Bank of Japan

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...

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Statement by Philip Lowe, Governor: Monetary Policy Decision

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...

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Next Generation $20 Banknote Design Reveal

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...

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Statement by Philip Lowe, Governor: Monetary Policy Decision

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...

Read More »

Statement by Philip Lowe, Governor: Monetary Policy Decision

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...

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