The Reserve Bank of Australia You might be thinking that you know what the RBA does: it sets interest rates and conducts monetary policy. That would be correct, but our functions are much broader than that. As Australia's central bank, we print and issue Australia's banknotes.
This estimate assumes that GDP will grow by 2 per cent per year in 2011-13, in line with the macroeconomic framework of the EFPD; that interest expense and revenue will stay at their baseline levels; and that the ratio of capital expenditure to GDP will hold steady at the value forecast for 2010.