Australian government and RBA agree dual mandate for central bank

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Photo: RBA

The Reserve Bank of Australia has formally agreed to adopt key reforms in a new deal with the Australian government, including committing to a dual mandate and publishing an unattributed record of votes on its monetary policy decisions.

The RBA board and treasurer Jim Chalmers of the ruling Labour government made the pact in a statement on the conduct of monetary policy released today (December 8). The central bank and the former Liberal government released their last such statement in 2016.

The

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