Reserve Bank of Australia - News, Features, and Slideshows

News

• RBA names new CIO

  The Reserve Bank of Australia has appointed a replacement for departing chief information officer Sarv Girn.

• How operational resilience helped RBA survive a siege: CIO Sarv Girn

  ​When lone gunman Man Haron Monis entered the Lindt cafe holding a sawn off pump action shotgun in 2014, Sydney's Martin Place, the 'civic heart' of the city, was plunged into a state of chaos and fear.

• Reserve Bank to deploy new core IT platform

  The Reserve Bank of Australia (RBA) has tendered for a replacement core banking solution that will process in excess of 320 million payment and 25 million collection transactions each year.
  

• RBA embraces competition and reverse mentoring to drive innovation

  The Reserve Bank of Australia (RBA) is driving innovation by embracing concepts such as reverse mentoring, internal competitions like 'code-a-thons', and regular collaboration efforts, according to CIO Sarv Girn.

• Regulation stifling financial tech innovation

  The Australian government needs to take a more balanced approach to regulation and stop stifling banks’ ability to innovate, several financial institutions have urged in their submissions to the Financial System Inquiry.

• RBA keeps rate on hold as economy improves

  The Reserve Bank of Australia has kept its powder dry for a second consecutive month as the global economy improves and previous rate cuts take effect.

• $A forecast to maintain its value

  It's more good news for those travelling overseas and more bad news for manufacturers, farmers, local tourism operators and exporters.

• RBA gives no clear pointers on rates

  The RBA annoucement on Tuesday that it will keep the cash rate at 3.5 per cent came with no real hint that further cuts are in the pipeline.

• Australian dollar breaks another record

  With the Reserve Bank still hawkish on interest rates and the US still prevaricating on the debt ceiling, it’s no surprise that the Australian dollar has continued its upward climb.

• RBA leaves cash rate unchanged

  The RBA has voted to leave the cash rate at 4.75%, but said there are signs that rising inflation will influence the rate in the long term

• RBA considers rates to be appropriate

  The RBA considers interest rates to be at an appropriate level to manage inflation in the medium term, the latest board meeting minutes show

• RBA predicts rising business investment

  The RBA forecast solid improvements in business capex, employment and retail spending at its recent board meeting, but warned the Queensland floods could shave half a point from Q3 growth