Category Archives: Finance
Reserve Bank and Digital Finance Cooperative Research Centre to Explore Use Cases for CBDC
Source link – Reserve Bank of Australia The Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia. Considerable research has been undertaken by central banks, including the Reserve Bank, into the feasibility and possible…
Delay to the ASX CHESS Replacement Project and Independent Review
Source link – Reserve Bank of Australia ASIC and the Reserve Bank of Australia (RBA) (the regulators) acknowledge the recent announcement by ASX of the further delay to the Clearing House Electronic Sub-register System (CHESS) Replacement project. The regulators welcome the appointment of Accenture to provide an independent review of the new CHESS application software….
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation to the 2–3 per cent range…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.25 per cent. Global inflation is high. It is being boosted by COVID-related disruptions to supply chains, the…
Changes to Heads of Department in Economic and Financial Markets Groups
Source link – Reserve Bank of Australia The following changes to Heads of Department at the Reserve Bank of Australia have been made. Dr Jonathan Kearns has transferred to Head of Domestic Markets in the Financial Markets Group from Head of Financial Stability Department in the Financial System Group. Dr…
Central Banks Committed to Economic Prosperity and Wellbeing in South Pacific
Source link – Reserve Bank of Australia At a meeting of South Pacific Central Bank Governors[1] on 20 June 2022, the Governors reconfirmed their commitment to supporting the region’s access to cost effective remittances, retention of bank services and improving financial inclusion. The Reserve Bank of Fiji’s Governor Ariff Ali said maintaining access to financial services…
Appointment: Brad Jones as Assistant Governor, Financial System Group
Source link – Reserve Bank of Australia Dr Bradley Jones has been appointed to the position of Assistant Governor, Financial System Group at the Reserve Bank of Australia. The Bank considered a competitive field of internal and external candidates for this role, which became vacant following the appointment of Ms Michele Bullock to…
Review of the Yield Target
Source link – Reserve Bank of Australia The Bank today released the Reserve Bank Board’s Review of the Yield Target. This review is one element of a broader set of reviews the Board is undertaking of the monetary policies it adopted in response to the pandemic. The purpose of the reviews is to be transparent…
Assessment of the Reserve Bank Information and Transfer System
Source link – Reserve Bank of Australia The Bank today released the 2022 Assessment of the Reserve Bank Information and Transfer System (RITS) against the Principles for Financial Market Infrastructures (PFMI). The Assessment concludes that RITS ‘observed’ all relevant Principles as at 31 March 2022, except for the Principle on operational risk, which was rated as…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 85 basis points. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 75 basis points. Inflation in Australia has increased significantly. While inflation is lower than in most…