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<p>The Reserve Bank of Australia (RBA) is Australia's central bank which conducts the nation's monetary policy and issues its currency. </p> <p>The Bank seeks to foster financial system stability and promotes the safety and efficiency of the payments system, as well as offers banking services to government. The Bank is a body corporate wholly owned by the Commonwealth of Australia. </p> <p>The Reserve Bank Board makes monetary policy decisions in terms of the cash rate – the interest rate on overnight loans in the money market. These decisions affect a range of other market and institutional interest rates. </p>