Reserve Bank of Australia (RBA)
Australia's central bank responsible for monetary policy, currency stability, and the Australian Dollar.
The Reserve Bank of Australia (RBA) is Australia's central bank, established in 1960 and wholly owned by the Australian government. It sets the official cash rate, maintains price stability with an inflation target of 2-3%, and supports full employment. RBA decisions directly impact AUD currency pairs.
How It Works
- Sets the official cash rate (interest rate)
- Inflation target: 2-3% per year
- Meets 8 times per year (first Tuesday, except January)
- Governor: Michele Bullock (since September 2023)
- Board: Governor, Deputy Governor, Treasury Secretary + 6 external members
Types of Reserve Bank of Australia (RBA)
Rate Decision
Raise, cut, or hold the cash rate
Statement on Monetary Policy
Quarterly economic outlook report
RBA Minutes
Detailed record of board discussions, released 2 weeks after meeting
Trading Tips
AUD/USD often volatile around RBA announcements
Hawkish RBA (rate hikes) = bullish AUD
Dovish RBA (rate cuts) = bearish AUD
Watch for divergence between RBA and Fed policy
Related Terms
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