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
The Bank today released the 2024 Assessment of the Reserve Bank Information and Transfer System (RITS) against the Principles for Financial Market Infrastructures (PFMI). The Assessment concludes that RITS observed all relevant PFMI as at 31 March 2024, except for the Principle on governance, which it broadly observed, and the Principles on the framework for the
At its meeting today, the Payments System Board discussed a number of issues, including: The Reserve Bank of Australia’s (RBA’s) assessment of the Reserve Bank Information and Transfer System (RITS). The Board approved the RBA’s assessment of Australia’s real-time gross settlement system, RITS, against the Principles for Financial Market Infrastructures. The RBA will publish this
The Reserve Bank of Australia has published the dates for meetings of the Reserve Bank Board and the release of the Statement on Monetary Policy in 2025. The outcome of the meeting will be announced at 2.30 pm on the second day of the Board meeting, and the Governor will hold a media conference at 3.30 pm.
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 high and is falling more gradually than expected. Recent information indicates that inflation continues to moderate, but is declining more slowly than expected. The CPI
