Topic: Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is Australia's central bank. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.

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Economic Update: Reserve Bank decision

At Glenn Stevens’ final meeting, the Reserve Bank left interest rates on hold. The AICD’s Chief Economist unpacks that decision and the difficult task ahead for incoming governor Philip Lowe.
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