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RBA Update on BECS Decommissioning Recommendations

The Reserve Bank of Australia (RBA) has released an update on industry progress regarding the decommissioning of the Bulk Electronic Clearing System (BECS). While acknowledging industry efforts, the RBA notes that risks persist due to a lack of consensus on the future of account-to-account payments.

Payments System Board Discusses Cash Distribution and Regulatory Framework

The Reserve Bank of Australia's Payments System Board met in March 2026 to discuss cash distribution, merchant card costs, payments system resilience, and account-to-account payments. The Board is considering a new regulatory framework for cash distribution services and potential amendments to card payment regulations, with a conclusions paper expected by end-March.

Reserve Bank of Australia Monetary Policy Board Appointment

The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to its Monetary Policy Board. This notice also acknowledges the contributions of Alison Watkins, whose term concludes on February 28, 2026.

Reserve Bank of Australia Increases Cash Rate to 3.85%

The Reserve Bank of Australia's Monetary Policy Board has increased the cash rate target by 25 basis points to 3.85%. This decision was made due to rising inflation and capacity pressures, with inflation expected to remain above target for some time.

ACCC Monitoring of Fuel Prices

The Australian Competition and Consumer Commission (ACCC) has launched a new weekly fuel price monitoring update, highlighting significant and rapid price variations in petrol and diesel across Australian capital cities. The ACCC is seeking explanations from major fuel retailers regarding these price movements.

ACCC to Scrutinise Fuel Pricing Amid Middle East Crisis

The Australian Competition and Consumer Commission (ACCC) will increase scrutiny of fuel pricing and distribution amid the Middle East crisis. The ACCC will hold urgent meetings with fuel market participants and commence weekly market updates to enhance transparency and address consumer concerns about price spikes and regional supply issues.

ACCC Monitors Petrol Prices Amid Middle East Conflict

The Australian Competition and Consumer Commission (ACCC) is monitoring petrol prices in response to the Middle East conflict and its impact on international crude oil costs. The ACCC has reminded fuel companies of their obligations under the Australian Consumer Law regarding price increase representations and stated it will take action against anti-competitive behaviour.

Australian Airports Increase Infrastructure Investment, Potential Airfare Hikes

Australia's four major airports increased infrastructure investment by 43.6% in 2024-25, investing $1.5 billion. However, the ACCC warns that higher airport charges to airlines may lead to increased airfares for passengers.

ECB Speech on Nature-Related Risks and International Cooperation

ECB Executive Board Member Frank Elderson delivered a speech highlighting the significant economic and financial risks posed by nature degradation. He emphasized the critical need for international cooperation among central banks and supervisors to manage these risks effectively.

ECB Blog: Banks as Enablers of Market Integration and Investment Innovation

The ECB's Supervisory Blog discusses how banks can act as strategic enablers for market integration and investment innovation within the EU's Savings and Investments Union (SIU) initiative. The blog highlights the SIU's role in channeling savings into productive investment and enhancing Europe's competitiveness.