The Bank today released the 2024 Assessment of the Reserve Bank Information and Transfer System (RITS) against the Principles for Financial Market Infrastructures (PFMI).

Today’s Payments System Board discussed the Bank’s assessments of RITS and ASX’s compliance with standards on segregation and portability, the CHESS replacement project, a prospective bond and repo central counterparty, the review of retail payments regulation, tokenisation of payment cards and measures to disrupt scam payments.

The Reserve Bank of Australia has published the dates for meetings of the Reserve Bank Board and the release of the Statement on Monetary Policy in 2025.

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.

The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.

At its March 2024 meeting, the Reserve Bank Board considered broad options for the future system for monetary policy implementation in Australia. The Board endorsed a plan to operate with ample reserves, by meeting all demands for reserves via full allotment auction at the RBA’s open market operations.

At its March 2024 meeting, the Reserve Bank Board considered broad options for the future system for monetary policy implementation in Australia. The Board endorsed a plan to operate with ample reserves, by meeting all demands for reserves via full allotment auction at the RBA’s open market operations.

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.

The Reserve Bank of Australia is today commencing a public campaign seeking ideas from the community to reflect First Nations cultures into the design of an updated $5 banknote.

Media Release Number 2024-03: Today’s Payments System Board meeting discussed the annual review of payment systems operating in Australia, the Advanced Encryption Standard (AES) migration, FMI regulatory reforms, payments regulatory reform, policy issues regarding mobile wallets and international and domestic developments in central bank digital currencies.