Reserve Bank Of Australia
The Reserve Bank Of Australia (RBA) is the central bank of Australia. The role of central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the RBA manipulates interest rates this impacts both the inflation in Australia and also the relative value of the Australian dollar compared to other currencies.
Read our guide to the Relationship between Interest Rates and Currencies.
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