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RBA meeting of February 6, 2018

RBA, Reserve Bank of Australia, meeting, minutes

Reserve Bank of Australia, RBA, minutes, interest rateIn the meeting on February 6, 2018, the Reserve Bank of Australia (RBA) has decided to leave the cash rate unchanged at 1.50%. You can download the Monetary Policy Decision and the Statement on Monetary Policy (both in pdf format) at the end of the article.

The Reserve Bank of Australia (RBA) is Australia's central bank. Its duty is to contribute to the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people. It does this by setting the cash rate to meet an agreed medium-term inflation target, working to maintain a strong financial system and efficient payments system, and issuing the nation's banknotes.

The RBA provides certain banking services as required by the Australian Government and its agencies, and to a number of overseas central banks and official institutions. Additionally, it manages Australia's gold and foreign exchange reserves.

The role and functions of the Reserve Bank are underpinned by various pieces of legislation. The Bank is a statutory authority, established by an Act of Parliament, the Reserve Bank Act 1959, which gives it specific powers and obligations. In terms of the Act, there are two Boards: the Reserve Bank Board and the Payments System Board.

The Reserve Bank Board has responsibility for monetary policy and financial stability and the Bank's policy on other matters excluding payments system policy. The Payments System Board, which has responsibility for matters relating to payments system policy.

As an independent central bank, the Reserve Bank is accountable to the Parliament for its actions.

If you are interested, you can find all the previous Monetary Policy reports (Press Release) on the Reserve Bank of Australia (RBA) website. You find also the minutes.You can check the meetings scheduled for 2018 of the world's leading Central Banks and the last Central Banks reports.

pdf, format, file, download  Interest Rate Decision

pdf, format, file, download  Statement on Monetary Policy

 

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