Reserve Bank of Australia
The Reserve Bank of Australia (RBA) is Australia's central bank. It sets monetary policy, issues the Australian dollar, and supports financial system stability.
The RBA supports infrastructure such as the NPP and provides settlement services for banks. Official site: Reserve Bank of Australia.
Related Terms
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
AUD
Australian Dollar
AUD is the official currency of Australia and its territories. It's the fifth most traded currency i...
NPP
New Payments Platform
NPP is Australia's real-time account-to-account payments platform. It provides immediate clearing an...
Interest
Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...
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