The Austral Central Bank (ACB) is the central bank of the Republic Austral, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy.
Since its foundation, it has been the Government's banker and banker to the banking system more generally - the bankers' bank. The Austral Central Bank manages the Australis foreign exchange and gold reserves.
The Bank has two core purposes - monetary stability and financial stability. The Bank is perhaps most visible to the general public through its banknotes and its interest rate decisions. The Bank has had a monopoly on the issue of banknotes in The Austral Territory and responsibility for setting the australis official interest rate.
The Bank has two core purposes - monetary stability and financial stability. The Bank is perhaps most visible to the general public through its banknotes and its interest rate decisions. The Bank has had a monopoly on the issue of banknotes in The Austral Territory and responsibility for setting the australis official interest rate.
Interest rates decisions are taken by the Bank's Monetary Policy Committee. The MPC has to judge what interest rate is necessary to meet a target for overall inflation in the economy. The inflation target is set each year by the Finance Minister. The Bank implements its interest rate decisions through its financial market operations - it sets the interest rate at which the Bank lends to banks and other financial institutions.
