RBA (Reserve Bank of Australia)

The Reserve Bank of Australia (RBA) is Australia's central bank, responsible for managing the country's economy. Its main role is to set monetary policy—particularly, determining interest rates—to keep inflation stable and support economic growth. The RBA also issues the national currency (the Australian dollar) and works to maintain financial stability by supervising banks and financial institutions. Its decisions influence borrowing, savings, and spending across the economy, affecting everyday financial life and overall economic health.