The Bank today released the Reserve Bank Board’s Review of the Term Funding Facility.

The Bank today released the Reserve Bank Board’s Review of the Term Funding Facility.

Media release number 2024-19: The Reserve Bank of Australia today released the 2024 Assessment of the ASX Clearing and Settlement Facilities. This assesses the performance of the ASX CS Facilities against the Bank’s Financial Stability Standards.

At its meeting today, the Board decided to leave the cash
rate target unchanged at 4.35 per cent and the interest rate paid on Exchange
Settlement balances unchanged at 4.25 per cent.

Today the Payments System Board discussed the RBA’s annual assessment of the ASX clearing and settlement facilities against the Financial Stability Standards, the oversight of international financial market infrastructures, least-cost routing of debit card payments, the Review of Retail Payments Regulation, the future of cash distribution arrangements in Australia, international and domestic work on central bank digital currency, and the development of the New Payments Platform.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.

Michael Plumb has been appointed as Head of Economic Analysis and Carl Schwartz has been appointed Head of Note Issue at the Reserve Bank of Australia.

The Reserve Bank of Australia has decided to increase the settlement activity threshold under the Financial Stability Standards for Securities Settlement Facilities from $200 million to $40 billion.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.