Reserve Bank governor Glenn Stevens has made his first public appearance since last week's historic rate cut, launching Australia's official Chinese renminbi trading hub.
Mr Stevens on Monday launched the Bank of China in Sydney as the official local clearing bank for the Chinese currency.
Sydney is now one of just a handful of locations for the clearing of transactions in yuan, also known as the renminbi.
The trading hub was announced last year as a side deal to Australia's free trade agreement with China, as part of an agreement between the RBA and its Chinese counterpart, the People's Bank of China.
The establishment of the official clearing bank would help strengthen trade relations between China and Australia, helping to open up China's economy to Australian businesses, Mr Stevens said.
It was Mr Stevens' first public appearance since the RBA's decision last week to slash the cash rate to a new record low of 2.25 per cent, although Monday's speech made no mention of monetary policy.
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