The Reserve Bank of Australia (RBA) is the central bank of Australia, responsible for managing the country's monetary policy. It aims to maintain price stability, full employment, and the economic prosperity of the nation. The RBA sets the official cash rate, which influences interest rates across the economy. In addition to monetary policy, the RBA oversees the stability of the financial system and provides banking services to the government. It also issues Australian banknotes and manages the country's foreign reserves. The RBA plays a crucial role in ensuring a stable economic environment for businesses and consumers alike.