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: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent maintain the target of 10 basis points for the April 2024 Australian Government bond continue to purchase government securities at the rate…
Review of Retail Payments Regulation: Conclusions
Source link – Reserve Bank of Australia The Payments System Board met on 18 October and concluded its Review of Retail Payments Regulation. The Bank has today released a Conclusions Paper setting out various policy actions, together with amendments to the Bank’s standards for card payment systems, which will contribute to a more efficient and competitive…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent continue to purchase government securities at the rate of $4 billion a week until at least mid February 2022 discontinue the target…
New Statistical Disclosures on Retail Payment Service Reliability
Source link – Reserve Bank of Australia The Reserve Bank today announced the introduction of new quarterly statistical disclosures on the reliability of payment services provided to households and businesses. These statistics are being published on the websites of a range of individual service providers, including large and smaller banks and more specialised payments providers….
Review of Banknote Distribution Arrangements: Issues Paper
Source link – Reserve Bank of Australia The Reserve Bank has released an Issues Paper as the first stage in its Review of Banknote Distribution Arrangements. The Bank is seeking views from interested parties on what changes might be required to ensure that banknote distribution is effective, efficient, sustainable and resilient – both now…
Payments System Board Update: November 2021 Meeting
Source link – Reserve Bank of Australia At its meeting today, the Payments System Board discussed a number of issues, including: The Bank’s Review of Banknote Distribution Arrangements. Members discussed the long-term decline in the use of cash for transactions and the pressure this was placing on the cash distribution system. As cash is…
Appointment of Head of Payments Policy Department
Source link – Reserve Bank of Australia Mr Ellis Connolly has been appointed to Head of Payments Policy Department at the Reserve Bank of Australia. Mr Connolly was selected from a list of internal and external candidates following the retirement of Dr Tony Richards. He will take up the position on 20 December 2021. Prior to…
Statement by Philip Lowe, Governor: Monetary Policy Decision
Source link – Reserve Bank of Australia At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent continue to purchase government securities at the rate of $4 billion a week until at least mid February 2022. The…
Reserve Bank and Industry Partners complete Wholesale CBDC Research Project
Source link – Reserve Bank of Australia The Reserve Bank of Australia, Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys, with input from King & Wood Mallesons, today jointly released a report to mark the successful conclusion of Project Atom. Project Atom was a collaborative research project undertaken during the past year that examined the …
Appointment of Head of Human Resources Department
Source link – Reserve Bank of Australia Today, the Reserve Bank of Australia welcomes back Ms Karlee Hughes, who has been appointed to Head of Human Resources Department. She replaces Michael Andersen, who has been appointed as Chief Representative Europe in the Reserve Bank’s London office after four years as Head of Human Resources. Ms…