Australia adds financial stability to monetary policy mandate


Financial stability will be a key aspect of Australia's monetary policy framework following changes to the Reserve Bank of Australia's (RBA) remit, outlined on Thursday.

A revised Statement on the Conduct of Monetary Policy, a statute outlining the common understanding of the central bank's remit between the RBA and government, for the first time featured a section on financial stability, along with those on the relationship between the authorities, the objectives on monetary policy, and transpa

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