At its meeting today, the Board reaffirmed the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points, as well as the other elements of the package announced on 19 March 2020.

In light of the current extraordinary circumstances associated with the impact of COVID-19, the Reserve Bank is putting on hold the Review of Retail Payments Regulation that was announced on 29 November 2019.

The Reserve Bank of Australia and the Federal Reserve will establish a temporary reciprocal currency arrangement (swap line) for the provision of US dollar liquidity.

At a meeting yesterday, the Reserve Bank Board agreed to a comprehensive package to support the Australian economy through the current challenging period.

As Australia’s financial system adjusts to the coronavirus (COVID-19), financial regulators and the Australian Government are working closely together to help ensure that Australia’s financial markets continue to operate effectively and that credit is available to households and businesses.

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent.

The Reserve Bank of Australia (RBA) and the Australian Payments Council (APC) today released the ISO 20022 Migration for the Australian Payments System – Conclusions Paper.

The Reserve Bank has today revealed the design of the new $100 banknote.

Today’s Payments System Board meeting discussed the results from the Bank’s 2019 Consumer Payments Survey, the Review of Retail Payments Regulation, adoption of the new ISO 20022 messaging standards and proposed regulatory reforms for financial market infrastructures (FMIs).

Renewal of bilateral local currency swap agreement with Bank of Korea