The bank's central banking function and its commercial activities were separated entirely in 1960, with the creation of an independent Reserve Bank of Australia #RBA. 'Rba have just lent $185 b to Aus private banks at 0.15% AND no need to repay it till 2024' BUT, they cannot lend any money to government ,,,, #auspol #ausecon #beltandroadinitiative #STRAIGHTfromHORSESmouth

https://m.youtube.com/watch?v=7uNopCphyTU