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RBA stands for the Reserve Bank of Australia, which is Australia’s central bank. The RBA is responsible for setting monetary policy in Australia, including interest rates, and overseeing the country’s financial system. The RBA’s main objectives are to maintain price stability, full employment, and the economic prosperity and welfare of the Australian people. The RBA conducts regular meetings to assess economic and financial conditions and make decisions on monetary policy. These decisions can have a significant impact on the value of the Australian dollar in the foreign exchange market.

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