Reserve Bank of Australia
a.k.a. RBA
Australia's central bank, which sets interest rates for the Aussie dollar.
In plain English
Australia's central bank, which sets interest rates for the Aussie dollar.
The Reserve Bank of Australia (RBA) is Australia's central bank, based in Sydney. It sets the cash rate, Australia's main policy rate, and aims to keep inflation within a 2–3% target band while supporting full employment.
Its decisions and statements move the Australian dollar, especially AUD/USD. Because Australia is a big commodity exporter with close ties to China, the RBA's comments on China and commodity prices get read as closely as those on local inflation.
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