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We are Australia’s central bank and serve the people of Australia. We conduct monetary policy, determine payments system policy, work to maintain a stable financial system, issue the nation’s banknotes, operate the core of the payments system and provide banking services to the government.
The Reserve Bank of Australia (RBA) is Australia's central bank and banknote issuing authority. It has had this role since 14 January 1960, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank.
5 days ago · The Reserve Bank of Australia (RBA) calculates and publishes the Trade Weighted Index (TWI). The RBA annually recalculates the weights of the TWI based on the composition of Australia’s merchandise goods and services trade for the previous fiscal year.
5 days ago · He added: "It’s worrying news for borrowers with an increase of 0.25 per cent adding $100 to the monthly repayment on a $600,000 loan over 30 years. Even without a rate increase, a three-month extension before a rate cut adds $288 in extra repayments to the same loan." A rate rise would crush many Aussies. A recent Finder survey revealed how ...
The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.
Jul 12, 2024 · The RBA deliberately pursued that strategy during the COVID pandemic. When prices started to tank after the first round of rate hikes in 2022, there was a collective sigh of relief in the RBA's ...
Nov 7, 2023 · Australia’s central bank resumed raising interest rates on Tuesday in a widely anticipated move, while signaling a higher hurdle to further policy tightening that pushed the local currency...
