Monday , July 24 2017
Home / RBA
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

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...

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 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...

Read More »

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...

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

Read More »

Hong Kong and Australia hold 4th RMB Trade and Investment Dialogue

Joint media release with the Hong Kong Monetary Authority Hong Kong and Australia held their fourth Renminbi (RMB) Trade and Investment Dialogue as part of the RMB Global Cities Dialogue organised by the New South Wales (NSW) Government today (27 April 2017) to promote the opportunities associated with the internationalisation of the RMB and Chinese capital going out. The Governor of the...

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. Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets have tightened in many countries. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported...

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. Conditions in the global economy have continued to improve over recent months. Business and consumer confidence have both picked up. Above-trend growth is expected in a number of advanced economies, although uncertainties remain. In China, growth is being supported by higher spending on infrastructure and...

Read More »