The Reserve Bank of Australia (RBA) has indicated its readiness to investigate the potential adoption of a central bank digital currency (CBDC) as a prospective alternative to traditional money. In the event of implementation, a CBDC would take the form of a digital token issued by the RBA, signifying ownership stakes in its reserves.Continue Reading

RESERVE BANK OF AUSTRALIA (RBA) CUTS INTEREST RATES TO HISTORIC LOW  The official interest rate has been cut yet again by the RBA to a new record low of 0.75%. The cut of 0.25% follows similar an earlier cut in July. RBA Governor Philip Lowe highlighted the following points in his post-meeting statement: The decision...Continue Reading