Reserve Bank of Australia

E11964

central bank independent statutory authority

The Reserve Bank of Australia is the country’s independent central bank responsible for setting monetary policy, issuing currency, and maintaining financial system stability.

Aliases (6)

Statements (50)

Predicate	Object
instanceOf	central bank → independent statutory authority →
buildingName	Reserve Bank of Australia Building →
chairpersonTitle	Governor of the Reserve Bank of Australia →
chiefExecutiveTitle	Governor →
coinIssuingAuthority	Royal Australian Mint →
country	Australia →
currentGovernor	Michele Bullock →
currentGovernorStartDate	18 September 2023 →
dateFormed	1960 →
doesNotIssue	Australian coins →
establishedBy	Reserve Bank Act 1959 →
governedBy	Reserve Bank Board →
hasBoard	Payments System Board → Reserve Bank Board →
headquartersAddress	65 Martin Place, Sydney →
headquartersCountry	Australia →
headquartersLocation	Sydney →
headquartersState	New South Wales →
independenceType	operational independence in monetary policy →
inflationTargetRange	2–3% over the medium term →
issuesBanknotes	Australian banknotes →
issuesCurrency	Australian dollar →
jurisdiction	Commonwealth of Australia →
legalMandate	economic prosperity and welfare of the people of Australia → maintenance of full employment in Australia → stability of the currency of Australia →
manages	Australia’s foreign exchange reserves →
monetaryPolicyFramework	inflation targeting →
monetaryPolicyInstrument	cash rate target →
ownership	Government of Australia →
parentDepartment	Treasury portfolio (Australian Government) →
participatesIn	foreign exchange market operations →
predecessor	Commonwealth Bank of Australia (central banking functions) →
primaryFunction	implementation of monetary policy → issuance of Australian banknotes → monetary policy formulation → oversight of the payments system → promotion of financial system stability →
providesService	banking services to official institutions → banking services to overseas central banks → banking services to the Australian Government →
publishes	Annual Report → Financial Stability Review → Statement on Monetary Policy →
regionServed	Australia →
regulatoryRole	clearing and settlement systems oversight → payments system regulation →
reportsTo	Parliament of Australia →
supervises	payments system participants →

Referenced by (41)

Subject (surface form when different)	Predicate
Australian banknotes → Australian dollar → Australian pound →	monetaryAuthority
Reserve Bank of Australia Building → Statement on Monetary Policy ("Reserve Bank Board") →	governingBody
Financial Stability Review ("Reserve Bank of Australia Board") → Statement on Monetary Policy →	publishedBy
Michele Bullock →	affiliation
Reserve Bank Act 1959 →	appliesTo
Reserve Bank Act 1959 →	assignsFunctionTo
Australian dollar →	centralBank
Australian Prudential Regulation Authority →	cooperatesWith
Reserve Bank Act 1959 →	created
Australia’s foreign exchange reserves →	currencyRiskManagedBy
Reserve Bank Act 1959 →	definesRoleOf
Michele Bullock →	employer
Reserve Bank Act 1959 →	established
Commonwealth Bank of Australia (central banking functions) →	functionTransferredTo
Reserve Bank of Australia ("Reserve Bank Board") →	governedBy
Australian government →	hasAgency
Reserve Bank of Australia ("Reserve Bank Board") →	hasBoard
Reserve Bank of Australia Building →	hasTenant
Financial Stability Review ("Reserve Bank of Australia (RBA)") →	isPublishedBy
Australian banknotes →	issuer
Australian dollar →	issuingAuthority
Australia’s foreign exchange reserves →	maintainedBy
Australian banknotes ("Reserve Bank of Australia Note Issue Department") →	managedBy
Michele Bullock ("Reserve Bank of Australia Board") →	memberOf
Australian dollar ("Reserve Bank of Australia Board") →	monetaryPolicySetBy
Reserve Bank of Australia Building →	occupant
Reserve Bank of Australia Building →	owner
Payments System Board →	parentOrganization
Payments System Board →	partOf
Financial Stability Review ("Reserve Bank of Australia Financial Stability Department") →	producedBy
Financial Stability Review →	publisher
Australian banknotes →	regulator
Commonwealth Bank Act 1911 →	relatedInstitution
Commonwealth Bank of Australia (central banking functions) →	replacedBy
Australia’s foreign exchange reserves →	reportedBy
Australia’s foreign exchange reserves ("Reserve Bank of Australia monthly statistical tables") →	reportedIn
ASIC →	worksAlongside