Tag: rba

The Reserve Bank of Australia’s latest research project explores a variety of applications for CBDCs, as the country edges closer to digital adoption.

With the world's key interest rate benchmark set to disappear as soon as 2021, those expecting an easy transition risk a rude awakening, a top Australian official says.

Hong Kong cracks down on fake trade invoices from China; PBoC/CBRC release bill financing rules; US adopts measures against tax evasion; PBoC permits broader access to interbank RMB bond market; FASB issues narrow-scope improvements to new revenue standard; RBA sets up benchmark on cash rate investment; and much more…

The Reserve Bank of Australia has officially acknowledged digital currencies as part of its financial landscape, but will not impose any regulatory structure on them, for now.

Australia cut its cash rate to 2.5% to spur broader economic growth. The Aussie dollar weakened in line with this, but the central bank has less appetite to continue cuts. Are these tactics working and where will the currency be over the next six months? CT asks the experts.