Reserve Bank of Australia (RBA)
The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Policy decisions are made by the Reserve Bank Board, with the objective of achieving low and stable inflation over the medium term. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system. The Bank is an active participant in financial markets, manages Australia's foreign reserves, issues Australian currency notes and serves as banker to the Australian Government. The information provided by the Reserve Bank includes statistics - for example, on interest rates, exchange rates and money and credit growth - and a range of publications on its operations and research.
Overview of Functions and Operations
An outline of the functions and structure of the RBA.
History of the RBA
A brief history of the RBA, including a list of Governors.
Governance and Accountability of the RBA
The Reserve Bank has two boards with complementary responsibilities. The Bank is accountable to the Australian Parliament, including through the annual report of the Reserve Bank Board. The Reserve Bank Board is responsible for monetary policy and overall financial system stability. The Payments System Board has specific responsibility for the safety and efficiency of the payments system. The Payments System Board also produces an annual report which is tabled in Parliament.
Structure of the RBA
An overview of the organisational structure and responsibilities of various parts of the Bank. The Bank's policy and administrative functions are located in its Head Office in Sydney. Regional Offices conduct liaison and analysis of economic conditions in different parts of Australia, and a branch in Canberra conducts government banking business. The Bank also has representative offices in London and New York.
Reserve Bank Act 1959
The main legislative basis for the Reserve Bank's responsibilities and powers.
Freedom of Information
Section 8 statement and information for people seeking access to documents in the possession of the Reserve Bank under the Freedom of Information Act 1982.
Archives
The official repository for the Bank's historical records.
International Financial Sanctions and Cash Reporting
The only restrictions on financial transactions or the movement of funds into or out of Australia are those relating to sanctions against certain jurisdictions, individuals and organisations. Reporting requirements apply to the carrying or sending of large cash amounts into or out of Australia.
