Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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Report Highlights Benefits and Challenges of Interlinking Fast Payment Systems for Cross-border Payments
23 Apr 2024
Media Releases
The Reserve Bank of Australia (RBA) today released a report analysing the benefits, design choices and challenges associated with linking fast payment systems across countries.
https://www.rba.gov.au/media-releases/2024/mr-24-07.html
Payments System Reform
10 Dec 2008
Media Releases
Media release announcing the designation of the ATM system, the release of a consultation document setting out a draft Access Regime of that system and the variation of the Interchange Fee Standards for credit and debit cards
https://www.rba.gov.au/media-releases/2008/mr-08-28.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
5 Jun 2012
Media Releases
Announcement that the Board decided to lower the cash rate to 3.50 per cent, effective 6 June 2012
https://www.rba.gov.au/media-releases/2012/mr-12-13.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
4 May 2010
Media Releases
Announcement that the Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010
https://www.rba.gov.au/media-releases/2010/mr-10-07.html
Consultation on Preliminary Conclusions to the Review of Retail Payments Regulation
28 May 2021
Media Releases
At its meeting on 21 May, the Payments System Board approved a consultation on a proposed package of policy actions related to the Bank's retail payments regulation. The Bank has today released a Consultation Paper setting out the proposed policy
https://www.rba.gov.au/media-releases/2021/mr-21-08.html
Statement by the Governor, Mr Bernie Fraser: Monetary Policy
15 Feb 1990
Media Releases
Announcement of modest reduction in interest rates. Specifically, the Bank is seeking a reduction in cash rates of up to 0.5 percentage points
https://www.rba.gov.au/media-releases/1990/mr-90-10.html
Review of Card Payments Regulation: Conclusions
26 May 2016
Media Releases
The Reserve Bank has released the Conclusions to its Review of Card Payments Regulation and Final Standards relating to Surcharging and to Interchange Fees in designated card schemes.
https://www.rba.gov.au/media-releases/2016/mr-16-15.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Apr 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding
https://www.rba.gov.au/media-releases/2021/mr-21-04.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
2 Feb 2010
Media Releases
Announcement that the Board decided to leave the cash rate unchanged at 3.75 per cent
https://www.rba.gov.au/media-releases/2010/mr-10-02.html
Statement by the Governor, Mr Ian Macfarlane: Reduction in Interest Rates
23 May 1997
Media Releases
Announcement of reduction in the cash rate from 6.0 per cent to 5.5 per cent
https://www.rba.gov.au/media-releases/1997/mr-97-10.html