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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 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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Samoa Commitment for the Pacific Islands

Joint statement from the South Pacific Governor's Meeting[*] The Central Bank Governors of the South Pacific region met in Samoa on the occasion of the 33rd Pacific Central Bank Governors' meeting. The meeting's theme was ‘Strengthening Collaboration’, with the objective of promoting the prosperity and economic welfare of our member nations. At the conclusion of the meeting the Governors stated: ...

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Guilty Pleas made by Note Printing Australia and Securency in the Supreme Court of Victoria

Following a decision by the Supreme Court of Victoria today, the Reserve Bank of Australia (RBA) is able to disclose that in late 2011 Note Printing Australia (NPA) and Securency[1] entered pleas of guilty to charges of conspiracy to bribe foreign officials in connection with banknote-related business. The offences were committed over the period from December 1999 to September 2004. The RBA and the...

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Payments System Board Update: November 2018 Meeting

At its meeting today, the Payments System Board reviewed the strategic priorities for the Bank's payments policy work. These include: promoting reliable, secure, efficient and low-cost electronic payment services; keeping abreast of new technologies and platforms in payments; putting in place a resolution regime for financial market infrastructures (FMIs); and ensuring that the framework for oversight of...

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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,...

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New Payments Platform: Consultation

The Reserve Bank of Australia is seeking views from interested stakeholders about the functionality of, and access to, the New Payments Platform. The Australian Competition and Consumer Commission is providing input and assistance on access issues, and will participate in the consultation. The closing date for submissions is 30 November 2018. For further details, please see: New ...

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Next Generation of Banknotes: $50 Enters General Circulation

The new $50 banknote enters general circulation tomorrow, marking a milestone in the upgrade of Australia's banknotes. The $50 is the most widely circulated banknote, accounting for nearly half of the total value of banknotes in use, and it is the denomination primarily used in ATMs. The new $50 is the third denomination in the new series of banknotes and follows the release...

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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,...

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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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