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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

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. Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on infrastructure and...

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Payments System Board Update: August 2017 Meeting

At its meeting today, the Payments System Board discussed a number of issues, including two relating to the ATM industry. The conclusions from an industry consultation on the future of the ATM Access Code and Access Regime: the Board noted the industry's planned process to review and update the access framework, and encouraged the industry to develop a roadmap for the transition to...

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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. Conditions in the global economy are continuing to improve. Labour markets have tightened further and above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy has picked up a little and is being supported by increased spending on infrastructure and...

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Payment Systems and Netting Act 1998: Approval of Netting Arrangement

Under the Payment Systems and Netting Act 1998, the Bank has the power to grant approvals to real-time gross settlement (RTGS) systems and to multilateral netting arrangements. These approvals provide certain legal protections for obligations arising in such systems. At its meeting on 19 August 2016, the Payments System Board approved the multilateral netting arrangements coordinated...

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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 broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported by...

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 broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being...

Read More »

BOK, HKMA, MAS, RBA and RBI Welcome the Publication of the FX Global Code

Joint media release with the Bank of Korea, the Hong Kong Monetary Authority, the Monetary Authority of Singapore and the Reserve Bank of India The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) today welcome the publication of the FX Global Code (the Code), a single...

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Payments System Board Update: May 2017 Meeting

At its meeting today, the Payments System Board discussed the issues arising from the Bank's recent consultation on dual-network cards and mobile wallet technology. The consultation was in response to concerns about possible restrictions on the ability of card issuers and wallet providers to provision both networks on dual-network debit cards for use by cardholders. Such restrictions could have the effect of reducing...

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