The Reserve Bank of Australia and the People’s Bank of China signed a Memorandum of Understanding to establish official renminbi (RMB) clearing arrangements in Australia. The Chinese authorities have also announced today that Australia will be granted access to the RMB Qualified Foreign Institutional Investor (RQFII) program, with an initial aggregate quota of RMB 50 billion.

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

Media Release Number 2014-17: The Reserve Bank is pleased to announce the winners of the 2014 RBA/ESA Economics Competition for Australian undergraduate university students. The essay competition was run in conjunction with the Economic Society of Australia (ESA) and the UNSW Economics Society.

Media Release Number 2014-16: The Reserve Bank will provide a committed liquidity facility (CLF) as part of Australia’s implementation of the Basel III liquidity reforms from 1 January 2015. The facility, which is required because of the limited amount of government debt securities in Australia, is designed to ensure that participating authorised deposit-taking institutions (ADIs) have access to enough liquidity to respond to an acute stress scenario, as specified under the liquidity standard.

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.

Media Release Number 2014-14: The Reserve Bank of Australia welcomes the establishment of a new coordination body for the Australian payments industry – the Australian Payments Council – and the appointment of Ms Christine McLoughlin as its inaugural Chair. The Council will aim to foster the ongoing development of the Australian payments system to ensure it continues to meet the changing needs of its users with innovative, safe and competitive payment services. This will complement the oversight of the payments system in the public interest by the Bank and its Payments System Board.

Media Release Number 2014-13: Dr John Simon has been appointed to the position of Head of Economic Research Department. This appointment follows a selection process which considered internal and external candidates. Dr Simon takes over the role from Dr Alexandra Heath, who was recently appointed to the position of Head of Economic Analysis Department.

Media Release Number 2014-13: Dr John Simon has been appointed to the position of Head of Economic Research Department. This appointment follows a selection process which considered internal and external candidates. Dr Simon takes over the role from Dr Alexandra Heath, who was recently appointed to the position of Head of Economic Analysis Department.

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent.