Finance, Forex and Investments

Is true that the Reserve Bank of Australia is owned by a consortium of private commercial banks?

Public Comments

1. no, the rba is a government body and susequently run by a board of directors. rba is independent and under the auspice of the treasury. however, going back in history, the predesessor to the bank was the commonwealth bank of australia, a commercial and savings bank. i hope this answers it for you.