Lyndhurst Giblin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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It is Australia’s most important bank but it doesn’t have any customers. You can’t open an account with this bank, it’s unlikely you’ll ever meet the manager and it doesn’t even have ATMs.
But the Reserve Bank of Australia is pivotal to the national economy. From house prices to wages, the Reserve (RBA) influences even the smallest financial transaction in the country. It does this through monetary policy – the interest rate set by the bank once a month that affects the cost of money.
Anyone with a note or two in their wallet also has a reminder of the Reserve Bank’s other key function. The signature of the bank’s governor is on every note – it is the RBA that prints our colourful collection of currency. ....

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