RBA to have fewer but longer monetary policy meetings

Reserve Bank of Australia
Photo: Alex Towle

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account