At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above target and is proving persistent. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate
The Reserve Bank of Australia (RBA) and Treasury today released a report summarising research to date on central bank digital currency (CBDC) and how this has informed the RBA and Treasury’s current assessment of CBDC issues in Australia. The report also sets out a three-year roadmap for future work on digital money in Australia. The
At its meeting today, the Payments System Board discussed a number of issues, including: The annual Assessment of the ASX clearing and settlement facilities against the Financial Stability Standards. Members discussed the critical importance of ASX delivering its major technology transformation projects, including CHESS Replacement. Members also discussed the fundamental importance of strong risk management.
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation remains above target and is proving persistent. Inflation has fallen substantially since its peak in 2022, as higher interest rates have been working to bring aggregate
Following a public consultation, the Reserve Bank of Australia has decided to increase the settlement activity threshold under the Financial Stability Standards for Securities Settlement Facilities (SSF Standards) to achieve a better balance between the risks posed by small firms to the financial system and the regulatory burden imposed on them. The review of the
