Susan Woods has been appointed to the newly created role of Chief Operating Officer (COO) at the Reserve Bank of Australia.

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 Bank has released a final set of expectations for the Tokenisation of Payment Cards and Storage of PANs, aimed at improving security, efficiency and competition for online card payments.

Sarah Hunter has been appointed as the Chief Economist and Assistant Governor (Economic) at the Reserve Bank of Australia. In this role, Sarah will lead the Bank’s Economic Group which compromises Economic Analysis and Economic Research.

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 Governor, Michele Bullock, today welcomed the appointment by the Treasurer of Andrew Hauser to the position of Deputy Governor of the Reserve Bank of Australia and as a member of the Reserve Bank Board.

At its meeting today, the Payments System Board discussed new technology in the clearing and settlement of securities and its implications for supervision, developments in the ATM industry and review of the ATM access framework, the annual review of compliance with card payments regulation, payments regulatory reform, enhancing cross-border payments and amendment to the policy on conflicts of interest to support collaboration on winding down the cheques system.

Today, ASIC and the Reserve Bank of Australia (RBA) (the Regulators) acknowledged ASX’s announcement of a solution design to replace CHESS.

Sally Cray has been appointed to the newly created position of Chief Communications Officer at the Reserve Bank of Australia.

At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent.