Category Archives: Finance
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 25 basis points to 3.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.50 per cent. Global inflation remains very high. In headline terms it is moderating, although services price inflation …
Research Project Exploring Use Cases for CBDC
Source link – Reserve Bank of Australia As previously announced, the Reserve Bank is collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore potential use cases and economic benefits of a central bank digital currency (CBDC) in Australia. The project involves selected industry participants demonstrating potential use cases for…
Payments System Board Update: February 2023 Meeting
Source link – Reserve Bank of Australia At its meeting today, the Payments System Board discussed a number of issues, including: ASXs self-assessment against the Financial Stability Standards (FSS). The ASX has conducted its first self-assessment following an earlier recommendation by the Bank. The results will be incorporated into the Banks ASX assessment later this…
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 25 basis points to 3.35 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.25 per cent. Global inflation remains very high. It is, however, moderating in response to lower energy prices,…
Renewal of Bilateral Local Currency Swap Arrangement Between the Reserve Bank of Australia and Bank of Korea
Source link – Reserve Bank of Australia Today, the Reserve Bank of Australia renewed the bilateral local currency swap agreement with the Bank of Korea. The initial swap agreement between the two central banks was signed in 2014 and has been renewed for three year periods since that time. The new agreement is for a…
New $5 Banknote Design
Source link – Reserve Bank of Australia The Reserve Bank has decided to update the $5 banknote to feature a new design that honours the culture and history of the First Australians. This new design will replace the portrait of Her Majesty Queen Elizabeth II. The other side of the $5 banknote will continue to feature…
Appointment of Head of Domestic Markets
Source link – Reserve Bank of Australia David Jacobs has been appointed to the position of Head of Domestic Markets at the Reserve Bank of Australia following the resignation of Jonathan Kearns late last year. Mr Jacobs will commence his new role on 6 February 2023. Mr Jacobs was most recently the Reserve Banks…
ASIC – RBA Further Regulatory Response Regarding the ASX CHESS Replacement Program
Source link – Reserve Bank of Australia Today ASIC and the Reserve Bank of Australia (RBA) (the regulators) have taken further action to ensure that all necessary steps are taken by ASX to support and maintain current CHESS until its replacement is successfully implemented. ASIC issued notices to ASX Clear Pty Ltd (ASX Clear) and…
Information Provided to the Review of the Reserve Bank of Australia
Source link – Reserve Bank of Australia The Bank today published information provided to the Review of the Reserve Bank of Australia. The material was provided in response to two sets of questions from the Panel related to the key themes of the Review: monetary policy arrangements; performance against objectives, including communications; governance; and the…
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 25 basis points to 3.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.00 per cent. Inflation in Australia is too high, at 6.9 per cent over the year to October. Global factors …