Australia's central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing projects using real money and assets for the first time.

In a decision that diverged from nearly all major economic forecasts, the Reserve Bank of Australia (RBA) has opted to hold the official cash rate steady at 3.85%. The announcement, made following the bank’s July meeting,

Australias central bank is closely monitoring U.S. tariff developments, as global economic uncertainty grows, according to Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser. Speaking at a Sydney event