RBA
Government & Politics abbreviation · World Government
| Stands for | Reserve Bank of Australia |
|---|---|
| Categories | Government & Politics |
RBA stands for Reserve Bank of Australia, a world government abbreviation also used in business.
Australia's central bank, which sets the cash rate target to keep inflation between 2 and 3 percent, issues banknotes and oversees the payments system. Its headquarters is in Sydney.
Example: The RBA held the cash rate at 3.6 percent at its latest meeting.
Usage notes
It took over central banking from the Commonwealth Bank in 1960. Following a review, decisions on interest rates passed to a dedicated Monetary Policy Board from 2025, with fewer, longer meetings and press conferences. Australia's polymer banknotes, introduced in 1988, were developed with CSIRO.
Related abbreviations
More world government abbreviations
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- SAR – Special Administrative Region
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