Reserve Bank of Australia combining the roles of financial system supervisor, banker and manager of monetary policy The RBA has the responsibility of ensuring that its monetary and banking policies add to the stability of the Australian economy and to the welfare of the community The RBA has a responsibility to protect the deposits of the Australian banks and has the power to regulate bank lending and interest rates and to influence banks” asset holdings The RBA is an independent entity of the Australian Government separate from the Government to eliminate political influences from monetary policy which conflict with the long term objectives of a stable economy.« Back to Glossary Index
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