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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. 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,...

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CFR Issues Paper: Review of Retail Payments Regulation: Stored-value Facilities

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...

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Next Generation of Banknotes: Circulation Date for the New $50 Banknote

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...

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Payments System Update

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...

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Payments System Board Update: August 2018 Meeting

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....

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Bilateral Local Currency Swap Agreement with Bank Indonesia

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...

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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 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,...

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. 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....

Read More »

Roundtable on Innovations in Small Business Finance

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...

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