Reserve Bank of Australia (RBA)

RBA to maintain the three-year yield target

Reserve Bank of Australia latest emergency moves

RBA keeps Official Cash Rate steady at 0.25%, AUD/USD unmoved

By Dhwani Mehta | JUL 07, 04:31 GMT

At its scheduled July monetary policy meeting held Tuesday, the Reserve Bank of Australia (RBA) made no changes to its monetary policy settings once again, with the official cash rate (OCR) maintained a record low of 0.25%, as widely expected. “The board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points,” the statement read.

RBA: Likely that fiscal, monetary support will be required for some time

By Dhwani Mehta | JUL 07, 04:34 GMT

Following are the key headlines from the July RBA monetary policy statement, via Reuters, as presented by Governor Phillip Lowe. “Will maintain accommodative approach for as long as required.” “Board will not increase cash rate target until progress is made on employment, inflation objectives.” “Maintains 0.25% target on three-year bond yields.” “Prepared to scale-up its bond purchases again if needed.”

RBA Minutes: Three-year yield target to be maintained until full employment, inflation goals reached

By Dhwani Mehta | JUN 16, 01:32 GMT

The RBA is out with its June meeting’s minutes on Tuesday, citing that the board members recognized that the global economy was experiencing a severe downturn. Additional points: Affirmed that the target for three-year yields would be maintained until progress is made towards the bank's goals of full employment and the inflation target.

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July RBA meeting review

RBA keeps Official Cash Rate steady at 0.25%

Dhwani Mehta FXStreet

RBA: Likely that fiscal, monetary support will be required for some time

By Dhwani Mehta | JUL 07, 04:34 GMT

June RBA meeting review

RBA maintains Official Cash Rate at 0.25%

Dhwani Mehta FXStreet

At its scheduled June monetary policy meeting held Tuesday, the Reserve Bank of Australia (RBA) left its monetary policy settings unchanged, with the official cash rate (OCR) kept on-hold at a record low of 0.25%, as widely expected.

RBA: Accommodative approach will be maintained as long as it is required

By Dhwani Mehta | JUN 02, 04:36 GMT

Following are the key headlines from the June RBA monetary policy statement (via Reuters), as presented by Governor Phillip Lowe. “Will maintain its efforts to keep funding costs low in Australia and credit available to households and businesses.”

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Big Picture

What is the RBA?

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.

Who is RBA's president?

Philip Lowe is an Australian economist, born in Wagga Wagga, New South Wales. He is the current Governor of the Reserve Bank of Australia, having succeeded Glenn Stevens on 18 September 2016. He was previously deputy governor under Stevens from 2012.

Lowe on his profile and Wikipedia.

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The World Interest Rates Table

The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.