(AGENPARL) – gio 16 giugno 2022 Having issues? [View the online version](https://events.rba.gov.au/link/id/zzzz62aa87ef7b03c899Pzzzz61358c86a728c671/page.html)
[Reserve Bank of Australia](https://events.rba.gov.au/link/id/zzzz62aa87ef7d4f4731Pzzzz61358c86a728c671/page.html)
Bulletin
16 June 2022
Insights into the economy and the financial system from the Reserve Bank of Australia.
[Read the June edition](https://events.rba.gov.au/link/id/zzzz62aa87ef8146d371Pzzzz61358c86a728c671/page.html)
https://events.rba.gov.au/link/id/zzzz62aa87ef84d2a981Pzzzz61358c86a728c671/page.html
[What Can You Do with Your Damaged Banknotes?](https://events.rba.gov.au/link/id/zzzz62aa87ef84d2a981Pzzzz61358c86a728c671/page.html)
Members of the public can have their damaged banknotes assessed and value redeemed through our claims service. Removing poor-quality banknotes also supports our aim of ensuring that the public has confidence in Australian banknotes. This article provides an overview of the service, its key users and the types of claims lodged.
https://events.rba.gov.au/link/id/zzzz62aa87ef8696e059Pzzzz61358c86a728c671/page.html
[Recent Trends in Banknote Counterfeiting](https://events.rba.gov.au/link/id/zzzz62aa87ef8696e059Pzzzz61358c86a728c671/page.html)
Counterfeiting of Australian banknotes is approaching its lowest level in a decade. Several factors are playing a role, including fewer cash transactions, COVID-19-induced lockdowns, a new banknote series, and law enforcement activity. This article quantifies the effect of some of these factors, and explores broader counterfeiting trends.
The COVID-19 pandemic has led to large disruptions to the Australian labour market, with workers less likely to change jobs initially due to uncertainty, fewer job ads and fiscal support. More recently, job mobility has increased. This article reviews developments in job mobility in Australia through the pandemic compared with other advanced economies and examines the potential implications for wages.
https://events.rba.gov.au/link/id/zzzz62aa87ef89d2d697Pzzzz61358c86a728c671/page.html
[First Nations Businesses: Progress, Challenges and Opportunities](https://events.rba.gov.au/link/id/zzzz62aa87ef89d2d697Pzzzz61358c86a728c671/page.html)
Australia’s First Nations business sector is growing by around 4 per cent per year. However, many budding First Nations entrepreneurs still face substantial barriers. This article discusses the need to develop trust for effective policy environments that support First Nations businesses, and describes how ongoing challenges of access to financial, social and symbolic capital continue to test First Nations business owners.
https://events.rba.gov.au/link/id/zzzz62aa87ef8b5c3830Pzzzz61358c86a728c671/page.html
[Household Liquidity Buffers and Financial Stress](https://events.rba.gov.au/link/id/zzzz62aa87ef8b5c3830Pzzzz61358c86a728c671/page.html)
The ratio of household liquid assets to household income in Australia has increased substantially over recent decades. This article considers these trends and finds that, to the extent that rising liquidity buffers have increased household financial resilience, the risks associated with high and rising household indebtedness are unlikely to be as great as suggested by focusing on gross debt-to-income ratios alone.
https://events.rba.gov.au/link/id/zzzz62aa87ef8cf08057Pzzzz61358c86a728c671/page.html
[An International Perspective on Monetary Policy Implementation Systems](https://events.rba.gov.au/link/id/zzzz62aa87ef8cf08057Pzzzz61358c86a728c671/page.html)
In response to the COVID-19 pandemic, central banks in advanced economies deployed balance sheet policies to support their economies and address financila market disruptions. This changed how most implement their primary tool – the policy rate. This article describes this transition from a corridor system of monetary policy implementation to a de facto floor system and the associated implications.
https://events.rba.gov.au/link/id/zzzz62aa87ef8ded0882Pzzzz61358c86a728c671/page.html
[Bank Fees in Australia](https://events.rba.gov.au/link/id/zzzz62aa87ef8ded0882Pzzzz61358c86a728c671/page.html)
This article updates previous Reserve Bank research on bank fees charged to Australian households, businesses and government. Improved data suggest that the overall fees charged by banks declined in 2021. This decline was broadly based across different categories, although total fees charged on loans (excluding personal lending) increased moderately, in part reflecting the higher volume of lending activity.
https://events.rba.gov.au/link/id/zzzz62aa87ef8ef04232Pzzzz61358c86a728c671/page.html
[Fallbacks for BBSW Securities](https://events.rba.gov.au/link/id/zzzz62aa87ef8ef04232Pzzzz61358c86a728c671/page.html)
The bank bill swap rate (BBSW) is an important short-term benchmark interest rate for Australian financial markets. However, BBSW might no longer be robust at some point in the future and so market participants should have a ‘robust, reasonable and fair’ fallback. This article explains how the RBA is promoting appropriate use of fallbacks and how participants can prepare for the contingency of BBSW ceasing to exist.
https://events.rba.gov.au/link/id/zzzz62aa87ef91fe0506Pzzzz61358c86a728c671/page.html
[Explainer: How the Reserve Bank Implements Monetary Policy](https://events.rba.gov.au/link/id/zzzz62aa87ef91fe0506Pzzzz61358c86a728c671/page.html)
This Explainer describes how the Bank implements monetary policy using a variety of tools, including the cash rate target, forward guidance, price and quantity targets for government bond purchases, and the provision of low-cost long-term funding to financial institutions.