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Partly Observed on Four Standards: Where ASX's Clearing and Settlement Still Fall Short

Ratings tables rarely make headlines, but the one at the heart of the Reserve Bank of Australia's (RBA) latest assessment of ASX deserves a closer look. Released on 23 September 2026, the assessment covers ASX's four clearing and settlement facilities for 2025/26 and grades …

Sonal Goyal | 12 October 2026

No Portrait and a Hopeful Tone: The Design Brief Shaping the Next $5 Note

Most of the Reserve Bank of Australia's (RBA) work this year has been about interest rates, inflation and payments. One of its longer-running projects is about something more tangible: what Australia's smallest banknote will look like.

Sonal Goyal | 12 October 2026

Cash Distribution Law in Force Since 27 August: What the New Framework Aims to Do

Cash rarely makes the news unless something goes wrong with it. Yet on 27 August 2026, a new law aimed at the system that gets banknotes from where they are produced and stored to where people use them quietly came into force.

Sonal Goyal | 12 October 2026

Six RBA Events in Nine Days: From Tuesday's Minutes to Hauser's Citi Appearance

After a September rate rise and a busy start to October, the Reserve Bank of Australia (RBA) is heading into one of its more crowded stretches of public communication. Its homepage lists six scheduled events between Tuesday 13 October and Wednesday 21 October, a …

Sonal Goyal | 12 October 2026

"Less Money to Spend on Things": Bullock Spells Out the Cash-Flow Cost of 4.60%

When the Reserve Bank of Australia (RBA) lifted the cash rate target by 25 basis points to 4.60 per cent on 29 September 2026, Governor Michele Bullock did not dress up the consequences for borrowers. At her 3.30 pm media conference that afternoon, she …

Sonal Goyal | 12 October 2026

"I'm Not Going to Give You Forward Guidance": What Bullock's Silence Means for 3 November

At her media conference on 29 September 2026, Reserve Bank of Australia (RBA) Governor Michele Bullock chose to say very little about the future at all. Having just announced a 25 basis point increase that took the cash rate target to 4.60 per cent, …

Sonal Goyal | 12 October 2026

Inside the Room on 29 September: What Tuesday's Minutes Could Reveal

On Tuesday morning, the Reserve Bank of Australia (RBA) will release the minutes of the September 2026 meeting of its Monetary Policy Board, the meeting that produced the decision announced on 29 September to raise the cash rate target by 25 basis points to …

Sonal Goyal | 12 October 2026

Nine Voting Members, No Pre-Set Path: How the RBA Board Weighs Each Move

Every few weeks, a group of nine people decides the price of money in Australia. Deputy Governor Andrew Hauser made the point himself in an ABC 7.30 interview on 8 September 2026: the Reserve Bank of Australia's (RBA) Monetary Policy Board has nine voting …

Sonal Goyal | 12 October 2026

Only About 2% of Variable-Rate Owner-Occupiers Are Short on Cash Flow, RBA Says

After four cash rate increases in 2026, totalling 100 basis points, it would be reasonable to expect signs of widespread strain among mortgage holders. The Reserve Bank of Australia's (RBA) October 2026 Financial Stability Review, released on 1 October, paints a more measured picture.

Sonal Goyal | 12 October 2026

Fewer Than 1% of Borrowers Are in Negative Equity Today: The RBA's Latest Read

Negative equity occurs when a borrower owes more on a home loan than the property is worth. It matters when housing prices fall, because it limits a borrower's options if they need to sell, and can increase potential losses for lenders if a loan …

Sonal Goyal | 12 October 2026
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