Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is Australia's central bank and derives its functions and powers from the Reserve Bank Act 1959. 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. The RBA provides certain banking services as required to the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.

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    • अप्रैल 2024
      Source: Reserve Bank of Australia
      Uploaded by: Knoema
      Accessed On: 19 अप्रैल, 2024
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      Reserve Bank of Australia Key Economic and Financial Statistics, Monthly Update Statistics for a range of economic and financial data produced by the Reserve Bank of Australia and other organizations.
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