Money and markets
The institutions that move Australian money.
- The Reserve Bank of Australia (RBA) sets the official cash rate, which drives mortgage and savings rates.
- The big four banks (CBA, Westpac, NAB, ANZ) dominate everyday banking.
- The ASX is the national stock exchange.
- Superannuation is compulsory retirement saving, about 12% of pay.
Sources
Reserve Bank of AustraliaASXAustralian Taxation Office
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