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RBA's Lowe on the central bank and payment system

In the speech 'The Central Bank and the Payment System' given on 12 October Philip Lowe of the Reserve Bank of Australia said broadly speaking, there are at least three ways in which a central bank can influence payment system outcomes.

"The first is in its role as an operator of individual payment systems. The second is in its role as a regulator. And the third is by prompting industry and public discussion of payment system issues. The Reserve Bank of Australia (RBA) has used all three of these

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