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RBA

On this page, you will read about everything you need to know about the Reserve Bank of Australia (RBA) including its latest monetary policy decisions and market-moving speeches.

The Reserve Bank of Australia or the RBA is the central bank of Australia. It succeeded the Commonwealth Bank of Australia which was established 10 years after the country gained independence from the UK. It began managing the local currency in 1924, which was back then known as the Australian pound. Then in 1959, it was tasked as the monetary authority in charge of issuing banknotes in the country.

A Hawkish Central Bank

Given Australia’s export-oriented and commodity-driven economy, its inflation is relatively higher than in other countries. Consequently, managing the rate at which price increases have always been at the top of the RBA’s agenda. The central bank does not always make changes to its deposit rate.

Central Banks We cover for you: RBA –RBNZ –SNB – SARB –CBRT –Norges Bank –Riksbank – BOE –FOMC –BOJ– ECB.

However, remarks on inflation are always enough to spark volatility on the Australian dollar. The RBA has been characterized as a hawkish central bank which means that markets see it as being sensitive to inflationary pressures.

The RBA’s Mandates

When the central bank adopted a freely-floating exchange rate in 1983, ensuring that exchange rates were trading at levels sustainable to growth also become a priority.

Along with the RBA’s list of mandates is also aiming for full employment or the level at which there is a balance between unemployment and inflation.

The central bank is composed of two boards. One, the Payments System Board, ensures that there is financial stability and that payment systems in the country are efficient. Meanwhile, the Reserve Bank Board is the decision-making body that dictates where interest rates should go. The board is made up of nine members, including the Governor.

It is tasked with adjusting money supply in the economy that aligns with the central bank’s mandates. They then announce their monetary policy decisions 11 times per year.

Who Heads the RBA?

Since 2016, the Reserve Bank of Australia has been headed by Philip Lowe.

RBA News and Analysis

CBA Bank
Shares
·Feb 01, 2023, 08:12 GMT

CBA Share Price Gets Extremely Overbought at its All-Time High

Global banks are at a crossroads as interest rates lead to higher interest income but fears of a slowdown bring...
Read More
Forex
·Aug 16, 2022, 13:39 BST

GBP/AUD: Wage Price Index to Determine Short-Term Direction

The GBP/AUD pair gained 0.78% on Monday after weak Chinese data dented the performance of commodity-linked currencies such as the...
Read More
Forex
·Apr 05, 2022, 11:12 BST

AUD/USD Surges 100pips As RBA Delivers a Hawkish Statement

The AUD/USD pair has surged higher this Tuesday after the Reserve Bank of Australia (RBA) provided its strongest hints that...
Read More
Forex
·Jan 25, 2022, 14:29 GMT

GBP/AUD Uptick As RBA Keeps Mum Over Rising Inflation

On an Australia day which saw the Australian CPI figure climb from 0.7% to 1.3% (1.0% estimate), translating to an...
Read More
Forex
·Sep 07, 2021, 16:13 BST

AUD/USD Slides On RBA Bond-Buying Extension, Rallying US Bond Yields

The Reserve Bank of Australia’s decision to extend its bond-buying program, coupled with rallying US long-term bond yields for a...
Read More
Forex
·Jul 05, 2021, 22:05 BST

AUD/USD in Focus As RBA Decision and Statement Looms

The AUD/USD will be the currency in view as the Reserve Bank of Australia (RBA) presents its rate decision and...
Read More
AUDUSD
Forex
·Mar 02, 2021, 18:05 GMT

Australian GDP Preview: AUD/USD Faces Uphill Climb to 0.7800

Australia’s GDP for the 4th quarter of 2020 is scheduled for release in a few hours. The market expectation is...
Read More
AUDUSD
Forex
·Feb 17, 2021, 22:36 GMT

Employment Data Preview: AUD/USD Needs Positive Data to Overcome 0.7800

A slight pullback on the AUD/USD precedes this month’s employment data. This was caused by USD strength, driven by rising...
Read More
AUDGBP AUD to GBP
Forex
·Nov 18, 2020, 23:39 GMT

AU Employment Change Preview: What Happens to the AUDUSD?

How will the AUDUSD respond to the AU Employment report? Sign up to find out.
Read More
Forex
·Nov 16, 2020, 18:03 GMT

AUDUSD Upside Could Continue On RBA Minutes, Vaccine-Driven Risk Flows

Vaccine-driven risk flows allowed risky currency assets to gain traction on Monday, with the AUDUSD on course towards 2-month highs...
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