Reserve Bank Of Australia

The reserve bank of australia (rba) is australia's central bank and derives its functions and powers from the reserve bank act 1959. 4 days agothe latest release of archival records focuses on the papers relating to reserve bank board meetings (1960 to 1984). Information about the reserve bank's monetary policy framework and the effect of that policy on the australian economy.

A media release is issued at 2.30 pm after each reserve bank board meeting, with any change in the cash rate target taking effect the following day. 5 days agobis and central bank partners demonstrate that policy compliance can be embedded in cross-border transactions with project mandala 28 october 2024media release 2024-22 The reserve bank of australia (rba) is australia s central bank.

It conducts monetary policy, works to maintain a strong financial system and issues the nation s banknotes. This body corporate, established under the commonwealth bank act 1911 and continued in existence under the commonwealth bank act 1945, was preserved with the name ‘reserve bank of australia’. Dec 9, 2025uncertainty in the global economy remains significant but so far there has been minimal impact on overall growth and trade in australia s major trading partners.

The reserve bank board sets monetary policy such that inflation is expected to return to the midpoint of this target. This is agreed with the australian government and recorded in the statement on the.