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  2. Official cash rate - Wikipedia

    en.wikipedia.org/wiki/Official_Cash_Rate

    In Australia, the Cash Rate Target is set by the Reserve Bank of Australia (RBA) to influence the Interbank Overnight Cash Rate (Cash Rate) on unsecured loans between banks. This rate serves as a near risk-free benchmark rate (RFR) for the Australian dollar and is commonly referred to as AONIA in financial markets. [1]

  3. Reserve Bank of Australia - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_Australia

    The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' by controlling the official cash rate. The NAIRU was implemented in most western nations after 1975, and has been maintained at a target of 5–6% ...

  4. List of sovereign states by central bank interest rates

    en.wikipedia.org/wiki/List_of_sovereign_states...

    Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate

  5. RBA Expected to Hold the Cash Rate at 0.10%

    www.aol.com/news/rba-expected-hold-cash-rate...

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  6. Australia government reviews RBA inflation target, changes to ...

    www.aol.com/news/australia-government-reviews...

    There have been calls for the RBA to lower the target given inflation has been running stubbornly below 2% for the last few years. Australia government reviews RBA inflation target, changes to be ...

  7. Philip Lowe - Wikipedia

    en.wikipedia.org/wiki/Philip_Lowe

    Lowe has attracted controversies for a number of his comments during his tenure as Governor of the Reserve Bank of Australia. At the Australian Financial Review business summit in 2021, Lowe indicated that the RBA would not raise the Official cash rate until 2024 but this decision was changed in May 2022 when the cash rate target was raised by ...

  8. Banking in Australia - Wikipedia

    en.wikipedia.org/wiki/Banking_in_Australia

    The central bank is the Reserve Bank of Australia (RBA). The Australian government’s Financial Claims Scheme guarantees deposits up to $250,000 per account-holder per ADI in the event of the ADI failing. [2] Banks require a bank licence under the Banking Act 1959. Foreign banks require a licence to operate through a branch in Australia, as do ...

  9. Monetary policy - Wikipedia

    en.wikipedia.org/wiki/Monetary_policy

    Under a system of fixed-convertibility, currency is bought and sold by the central bank or monetary authority on a daily basis to achieve the target exchange rate. This target rate may be a fixed level or a fixed band within which the exchange rate may fluctuate until the monetary authority intervenes to buy or sell as necessary to maintain the ...