RBA to have fewer but longer monetary policy meetings
Central bank moves to overhaul governance after major review
The Reserve Bank of Australia today (July 12) announced changes to how it makes and communicates monetary policy, including reducing the number of monetary policy meetings.
Earlier this year, an independent panel concluded a major review of the RBA and proposed a raft of changes to the central bank’s governance and monetary policy framework. Australian treasurer Jim Chalmers launched the review in July 2022 amid public criticism of the RBA’s record.
RBA governor Philip Lowe told an audience
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