Category Archives: Finance
White Paper on CBDC Research Project
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. As noted in a media release on 9 August, the project will also be an opportunity to further…
Review of the Bond Purchase Program
Source link – Reserve Bank of Australia The Bank today released the Reserve Bank Board’s Review of the Bond Purchase Program. 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…
The Queen and Australian Banknotes
Source link – Reserve Bank of Australia The Reserve Bank of Australia wishes to express its heartfelt condolences to the Royal Family following news of the death of Her Majesty Queen Elizabeth II. There will be no immediate change to Australian banknotes. The $5 banknotes featuring the image of Her Majesty The Queen can continue to…
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 2.35 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 2.25 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. It is…
Payments System Board Update: August 2022 Meeting
Source link – Reserve Bank of Australia At its meeting today, the Payments System Board discussed a number of issues, including: The annual assessment of the ASX Clearing and settlement facilities against the Bank’s Financial Stability Standards. The Board approved the Bank’s 2022 assessment, which will be published on 28 September. Members expressed their disappointment at…
Review of Banknote Distribution Arrangements: Conclusions Paper
Source link – Reserve Bank of Australia The Reserve Bank has concluded its Review of Banknote Distribution Arrangements. Today, it has released a Conclusions Paper setting out various changes that seek to ensure that banknote distribution is effective, efficient, sustainable and resilient – both now and into the future. This will help ensure Australians continue…
Private-Sector Economists Panel and Academic Panel
Source link – Reserve Bank of Australia The Reserve Bank has extensive liaison with members of the community and values the insights and understanding this brings. It is seeking to strengthen its existing dialogue with the economics profession. To do this, the Bank is establishing a panel of private sector economists and will hold at …
Appointment of Heads of International Department and Financial Stability Department
Source link – Reserve Bank of Australia The following appointments to Heads of Department at the Reserve Bank of Australia have been made. Dr Penelope Smith has been promoted to Head of International Department in the Financial Markets Group from the position of Deputy Secretary. Ms Andrea Brischetto has…
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….