Reserve Bank of Australia

Someone should tell the old fossil, we are not spending on luxury goods, we are not wealthly like Mr lowe himself. We are spending money on necessities such as petrol, electricity and food.which we have no control over. By giving the banks extra $2 billion profit a quarter will not stop inflation. Unless the old fossil wants us mortgage payers to stop eating, heating up our houses and transporting to work.so the old lap dog can make extra profits for his bank mates.

The entire board of this so called bank exhibited absolute negligence and incompetence, and a complete lack of understanding of economics or banking, when lowering the interest rates to almost zero and then stating that they will remain that low until 2024. The Reserve Bank of Australia is in bed with the Australian banking industry and property developers. They have shown that their priority is for people to deplete their savings and to heavily indebt themselves. The entire board should be fired immediately. If the bank were a private bank it would now be the defendant in a class action for misleading and deceptive conduct. The RBA's recent estimation that inflation will peak at 7% (a figure it revised up from 6%) should be dismissed entirely, as (1) inflation will exceed this amount, and (2) it can be seen that the RBA can't be trusted with any predictions or estimations and that it generally has little to no idea at how its nonsensical decisions and policies impact the Australian economy.

Absolute sickunts

may 2022 edit: dog act mate raising them rates today, had to take a star off

June 2022 edit: absolute dog c@nts ruining my early retirement! 0 stars

Terrible and non-progressive place to work, the office is riddled with bullies at senior executive level. HR supports the bullies. Would give 0/5 if I could!

The RBA is a marvel of public service and should be admired by all other government departments. Reserve Bank Governor Philip Lowe has made my experience of learning the HSC Economics course an absolute pleasure. I commend you sir, and implore you to continue your excellent work, be it through conventional, or indeed unconventional monetary policy

They have a free self guided tour (also group guided tours) where you can look through Australia's history of money (and a bit of Aussie history along the way) seeing the evolution of the first notes and coins used in Australia to the world's first polymer currency and the notes we use today. The Australian spin-off now makes plastic currency for several countries. Takes about 2 hours if you read through everything, otherwise it can be a quick one hour perusal.

They spend all this time and money yet they aren’t doing the CRITICAL research! They need to except that causation AND correlation is the SAME THING!

Also tried to open an account and they said they weren’t that kind of bank.

1/5 confused stars

I love Monetary Policy! Governor Lowe is doing a great job, as the RBA has since the mid-1990s.

Australia's central bank owns by the Commonwealth of Australia. Was established in 1960 as central bank and banknotes issuing. This building stands out in Martin Place. I always noticed the sculpture, Free Standing, just outside the main entrance from Martin Place. I love coming here to visit the museum and noticed a lot of school children doing the same tour. The museum opens Monday to Friday from 10am to 4PM. Worth doing the guided tours which takes about half hour to do. Lovely interior with great welcoming staffs onsite to guide you. Worth exploring especially the museum and the history of this important institution and money. Martin Place station is right next door.

Don’t really understand it, they apparently create money from nothing and give it out as a loan?
Seems fishy

These treacherous truncheon betrayed thy countrymen, irresponsibly, inflating investments, ignoring independent insights. Incoming income implosion imminent. Ironic isn't it?

Just keep the Cash Rate down, we will keep giving you a 5 star rating, not interested in anything else

Without a doubt one of the best central banks in the world. Thank you for the low and stable inflation over the last 20 years.

Not too bad at central banking, big fail on the $5 'extensive consultation'.

Which nobody knew about and which assumed the answer - a picture of the queen.

Their reaction to the backlash - just ignore it, of course.

Why do you always talk $ down
give me you job for 12 month
I have intrest rates up to 6pc
stop looking after your mates at the
top end of town
when I brought my house
intrest rates 17%
so leave the bloody $ alone
R V Trout

The museum has a great history of the country's contribution to numismatics and polymer currency production

This is a nice clean bank. Never had any issues with them. Their money is always in mint condition. Would of given five stars if the customer service was nicer

The main skill set of this organisation is cutting interest rates to absurd record low levels, which has the effect of damaging savers and encouraging debt-fuelled real estate speculation in Australia's cities. The long term effect of this will not be pretty.

A high savings rate and investment is what causes an economy to grow. This has been understood throughout history by a range of economists ranging from Adam Smith to Karl Marx.

It is very difficult for an economy to grow sustainably over the long term with interest rates at these absurd levels.