www.rba.gov.au Open in urlscan Pro
2a02:26f0:7100::210:111  Public Scan

Form analysis
1 forms found in the DOM

GET /s/search.html

<form id="form-header-search" class="form-search-header" action="/s/search.html" method="get" role="search" aria-label="Search RBA website">
  <label for="form-header-search-q" id="form-header-search-q-label" class="sr-only">What are you looking for?</label>
  <span class="twitter-typeahead" style="position: relative; display: inline-block;"><input type="text" value="" class="query tt-hint" maxlength="256" size="13" aria-labelledby="form-header-search-q-label" readonly="" autocomplete="off"
      spellcheck="false" tabindex="-1" dir="ltr" style="position: absolute; top: 0px; left: 0px; border-color: transparent; box-shadow: none; opacity: 1; background: none 0% 0% / auto repeat scroll padding-box border-box rgb(255, 255, 255);"><input
      type="text" placeholder="What are you looking for?" value="" name="query" id="form-header-search-q" class="query tt-input" maxlength="256" size="13" aria-labelledby="form-header-search-q-label" autocomplete="off" spellcheck="false" dir="auto"
      style="position: relative; vertical-align: top; background-color: transparent;">
    <pre aria-hidden="true"
      style="position: absolute; visibility: hidden; white-space: pre; font-family: Arial, Helvetica, Verdana, Geneva, sans-serif; font-size: 16px; font-style: normal; font-variant: normal; font-weight: 400; word-spacing: 0px; letter-spacing: 0px; text-indent: 0px; text-rendering: auto; text-transform: none;"></pre>
    <div class="tt-menu" style="position: absolute; top: 100%; left: 0px; z-index: 100; display: none;">
      <div class="tt-dataset tt-dataset-organic"></div>
    </div>
  </span>
  <button type="submit" class="submit">Search</button>
  <input type="hidden" name="collection" value="rba-web">
</form>

Text Content

It appears JavaScript is currently blocked

Check your browser settings and network. This website requires JavaScript for
some content and functionality.

Skip to content


RESERVE BANK OF AUSTRALIA

Menu
What are you looking for?




Search
 * Monetary Policy
 * Market Operations
 * Payments & Infrastructure
 * Financial Stability
 * Banknotes
 * Financial Services
 * About Us

 * Media Releases
 * Speeches
 * Publications
 * Statistics
 * Chart Pack
 * Research
 * Archives
 * Education
 * Careers
 * Q&A
 * Contact Us


THE BANK'S MISSION AND KEY STATISTICS

We are Australia’s central bank and serve the people of Australia.

We conduct monetary policy, determine payments system policy, work to maintain a
stable financial system, issue the nation’s banknotes, operate the core of the
payments system and provide banking services to the government.


CASH RATE TARGET

4.35 %

Effective date 8 May 2024 Next update 2.30 pm, 18 June 2024

Cash rate target


INFLATION

Consumer Price Index Annual change March quarter 2024

3.6 %

Monthly Indicator April 2024

3.6 %

Inflation


EXCHANGE RATES

Trade-weighted Index

63.1

USD

0.6642

CNY

4.8161

JPY

104.33

EUR

0.6147

As at 4.00 pm, 13 June 2024

Exchange rates


NEWS & ANNOUNCEMENTS

Use left and right arrow keys to switch between tabs.
 * Latest news
 * Coming up


LATEST NEWS

ASSESSMENT OF THE RESERVE BANK INFORMATION AND TRANSFER SYSTEM

Media Release

12 June 2024 2.30 pm AEST

QUARTERLY STATEMENT BY THE COUNCIL OF FINANCIAL REGULATORS

11 June 2024 8.30 am AEST

FIRESIDE CHAT BY ANDREW HAUSER, DEPUTY GOVERNOR, AT THE AUSTRALIA’S ECONOMIC
OUTLOOK – SYDNEY

No text available.
Audio 18.3MB

7 June 2024 2.34 pm AEST

APPEARANCE BY MICHELE BULLOCK, GOVERNOR AND CHRISTOPHER KENT, ASSISTANT GOVERNOR
(FINANCIAL MARKETS), BEFORE THE SENATE ECONOMICS LEGISLATION COMMITTEE –
CANBERRA

5 June 2024 9.00 am AEST

FIRESIDE CHAT BY SARAH HUNTER, ASSISTANT GOVERNOR (ECONOMIC), AT THE
AUSTRALASIAN INVESTOR RELATIONS ASSOCIATION (AIRA) ANNUAL CONFERENCE – SYDNEY

No text available.
Audio 38.3MB

30 May 2024 8.50 am AEST
More news and announcements


COMING UP

RESERVE BANK BOARD MEETING

Monetary Policy Decision

17–18 June 2024

SPEECH BY ELLIS CONNOLLY, HEAD OF PAYMENTS POLICY, AT THE MERCHANT RISK COUNCIL,
MELBOURNE

18 June 2024 10.10 am AEST

MONETARY POLICY DECISION STATEMENT

Media Release

18 June 2024 2.30 pm AEST

MEDIA CONFERENCE

Monetary Policy Decision

18 June 2024 3.30 pm AEST

CHART PACK: GRAPHS ON THE AUSTRALIAN ECONOMY AND FINANCIAL MARKETS

19 June 2024 11.30 am AEST

SPEECH BY CHRISTOPHER KENT, ASSISTANT GOVERNOR (FINANCIAL MARKETS), AT THE ABA
BANKING CONFERENCE, MELBOURNE

26 June 2024 9.30 am AEST
More upcoming events


OUR ASSESSMENT OF CURRENT ECONOMIC AND FINANCIAL CONDITIONS AND THE OUTLOOK.




HIGHLIGHTING TOP QUALITY ECONOMICS HONOURS THESIS SUMMARIES.




FEATURED AREAS OF THE BANK'S WORK


MONETARY POLICY

Our role is to contribute to the stability of the currency, full employment, and
the economic prosperity and welfare of the Australian people.

 * MONETARY POLICY DECISION
   
   7 May 2024

 * MINUTES
   
   21 May 2024

 * STATEMENT ON MONETARY POLICY
   
   7 May 2024

 * RESERVE BANK BOARD MEETING SCHEDULE


PAYMENTS AND MARKET INFRASTRUCTURE

We promote the efficiency and competitiveness of the payments system, and
regulate market infrastructure to support financial stability.

 * ASSESSMENT OF THE RESERVE BANK INFORMATION AND TRANSFER SYSTEM
   
   12 June 2024

 * PAYMENTS SYSTEM BOARD UPDATE: MAY 2024 MEETING
   
   23 May 2024

 * REPORT HIGHLIGHTS BENEFITS AND CHALLENGES OF INTERLINKING FAST PAYMENT
   SYSTEMS FOR CROSS-BORDER PAYMENTS
   
   23 April 2024
   


FINANCIAL STABILITY

We work with other regulatory bodies to maintain the stability of the financial
system to create favourable conditions to foster economic growth.

 * FINANCIAL STABILITY REVIEW
   
   22 March 2024

 * REGULATORY FRAMEWORK

   

 * CLIMATE CHANGE AND FINANCIAL RISK


BANKNOTES

We are responsible for all aspects of the production and issuance of Australian
banknotes. We work to make them durable and difficult to counterfeit.

 * COUNTERFEIT DETECTION

 * BANKNOTE FEATURES

 * DAMAGED BANKNOTES

 * REIMAGINE THE $5 NOTE


STATISTICS

We publish statistics and graphs that are relevant to our policy and regulatory
responsibilities.

 * RBA BALANCE SHEET
   
   7 June 2024

 * OFFICIAL RESERVE ASSETS – MAY 2024
   
   7 June 2024

 * INDEX OF COMMODITY PRICES – MAY 2024
   
   3 June 2024
   
   


EDUCATION

We are committed to supporting teachers and students who want to learn more
about our activities and the Australian economy.

 * RESOURCES

 * TEACHER MATERIALS

 * ECONOMIC UPDATE WEBINAR EVENT


ABOUT THE RESERVE BANK OF AUSTRALIA

We are Australia’s central bank.
Learn more about what we do and how we do it.

5:16
Hide transcript


TRANSCRIPT


MICHELE BULLOCK, GOVERNOR (2023 – PRESENT)

Our job here at the Reserve Bank is to serve the community. The Parliament of
Australia has given the Reserve Bank some very important responsibilities. It is
our duty to promote the economic prosperity and welfare of the people of
Australia, both now and into the future. We do this in many ways, including by
setting monetary policy to maintain price stability and full employment, by
contributing to the efficiency and stability of the payments system and the
stability of the financial system, and by banking the Australian Government and
providing the nation’s banknotes.

Probably the thing we do that is most familiar to people is set the level of
interest rates. This is known as ‘monetary policy’, where we change interest
rates to try to smooth fluctuations in the economy. The interest rate we control
is the cash rate, which is the rate that banks charge each other to borrow
overnight. Now this interest rate influences other interest rates in the
economy, such as those charged on your loans, or those you earn on your savings.
Changes in interest rates influence people’s decisions to buy things or invest
money, and they affect the exchange rate and the value of any assets that people
might hold, such as homes or shares. All this affects economic activity. In
deciding where to set the cash rate, we want to keep inflation low and stable,
averaging 2-3 per cent – our inflation ‘target’, if you like. But we want to do
it in a way that keeps the level of employment as high as possible. These
outcomes are essential for a prosperous economy.

But there are many other things that we are responsible for as well.

The Reserve Bank’s also responsible for the stability of the financial system.
We typically think of a stable financial system as one that is safe and helps
money flow within the economy, even when there are disruptive events. We
contribute to financial stability in a number of ways. One important way is by
setting monetary policy that helps keep inflation low and stable and people
fully employed. We also collaborate with other financial regulators – Australian
Prudential Regulation Authority, Australian Securities and Investment Commission
and the Australian Treasury – through the Council of Financial Regulators to
identify risks in the financial system and to develop plans to address them if
they arise. In extreme situations, we can also provide lending to financial
institutions that are sound but experiencing difficulties with liquidity.

Now we also make and distribute Australia’s banknotes. We have some of the
highest quality and most secure banknotes in the world and they use technology
that we in Australia invented, the Bank invented it with the CSIRO in the 1980s
– polymer, or if you like, plastic banknotes. We have a purpose-built banknote
printing facility and vault in the outer suburbs of Melbourne. It might surprise
many people that despite the use of electronic payments increasing, there is
still a lot of demand for banknotes, particularly as a store of value.

We also operate the payment system that is at the centre of the movement of
money in Australia. When money goes from one bank to another, say when you pay a
bill to somebody who banks with a different bank, the money comes through the
Reserve Bank. We are also constantly looking at innovations to provide
Australians with the most efficient and secure ways to pay. For example, we
worked with the banks to develop the New Payments Platform, which allows people
to make payments in close to real time, 24 hours a day, 7 days a week. And we
are looking at how the nature of money and the payments system could evolve as
technology changes.

We are the banker for the Australian Government. So, when you get a Medicare
refund, pay your tax or receive a refund, those transactions occur through the
government’s bank accounts here at the Reserve Bank. It’s the same if you’ve
ever needed a disaster relief or other support payment, perhaps during the
COVID-19 pandemic, floods or bushfires. We know that many people rely on these
payments, and we feel privileged to partner with the government in getting these
vital payments to you quickly and reliably.

A lot of research, analysis, innovation and support is required to deliver all
of these functions. We do all this with a bit over 1,500 people. Most of us are
located here in Sydney. But we have a banking branch in Canberra and offices in
Brisbane, Melbourne, Adelaide, Perth, Beijing, London and New York.

We’re the nation’s central bank and we take our responsibilities to the
Australian people very seriously.

View transcript
Find out about our role and functions


CAREERS

Ready to be part of something bigger? Use your talents and experience to make a
difference for millions of Australians. Explore careers at the Bank, our current
opportunities or our intern and graduate programs and discover how you can be
more.


RBA MUSEUM

Explore Australia's banknotes from before Federation to the introduction of
decimal currency and our current banknote series. Learn about banknote designs
and the people on them, including First Nations peoples, other Notable
Australians and Queen Elizabeth II.

Back to top


SIGN UP FOR EMAIL AND SMS ALERTS

Subscribe


FOLLOW US

 * Facebook
 * X
 * LinkedIn
 * YouTube
 * Instagram
 * Flickr


AFFILIATE SITES

 * Banknotes
 * Unreserved
 * Museum
 * Council of Financial Regulators
 * Australian Foreign Exchange Committee
 * H.C. Coombs Centre

The Reserve Bank of Australia supports the Foundation for Children.

The materials on this webpage are subject to copyright and their use is subject
to the terms and conditions set out in the Copyright and Disclaimer Notice. ©
Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of
Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of
Australia as the Traditional Custodians of this land, and recognises their
continuing connection to country. We pay our respects to their Elders, past and
present.


REFERENCES

 * For Media
 * Judicial Notice
 * Privacy
 * Accessibility
 * Procurement
 * Glossary
 * Schedules & Events

 * Report a Vulnerability
 * Scams
 * Public Interest Disclosure
 * Access to Information