Reserve Bank

Jonathan Rosenberg
Economics Assessment - Reserve Bank
The Reserve Bank of Australia (RBA) is Australia's central bank and was established by the Government. Its responsibilities include monetary policy and the maintenance of financial stability. The Governor (I J Macfarlane) chairs the Reserve Bank Board. The Bank's responsibilities, as well as the fact that it prints and issues Australia's currency notes, ensure that it remains an active participant in financial markets and the payments system. Its assets include Australia's holdings of gold and foreign exchange, which amount to around…