Reserve Bank of Australia

The Reserve Bank of Australia (RBA) is the country's central bank. Its main responsibilities include managing monetary policy, which involves controlling inflation and influencing interest rates to support economic stability and growth. The RBA also issues Australian currency, oversees the payment systems, and monitors the financial sector's health. By adjusting the cash rate, the RBA aims to maintain a balance between full employment and stable prices. Additionally, it plays a key role in ensuring the smooth functioning of the economy and safeguarding the financial system's stability.