An RBA Fit for The Future, 51 Revolutionary Recommendations for Australia’s Central Bank

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  • #57129
    Corporal
    Participant

    The release of an independent review on the Reserve Bank of Australia, An RBA fit for the future is the biggest clean up, if not revolutionary change
    [See the full post at: An RBA Fit for The Future, 51 Revolutionary Recommendations for Australia’s Central Bank]

    #61953
    Super Harley
    Participant

    Dr Chalmers said on the #RBA Governor appointment .

    “But I want to be consistent with the spirit of the RBA review, and I want to be respectful to the views of the opposition, so I’ve given them an opportunity to feed into our considerations.”

    #61960
    TradersCom
    Keymaster

    Lowe on the Review of the Bank and changes that’ll be implemented:

    RBA board to make changes based on independent review
    From 2024, the board will meet eight times a year, rather than 11 times
    Board meetings to start on Monday, conclude at usual time on Tuesday
    Post-meeting statement announcing the decision will be issued by board, rather than governor
    RBA governor will hold a media conference after each board meeting to explain decision
    Quarterly statement on monetary policy will be released at same time as policy decision
    Current board structure to remain as is
    RBA board to decide on some review recommendations at a later date

    #62096
    MoneyNeverSleeps
    Participant

    Current Deputy Governor Michele Bullock appointed new RBA Governor to replace Governor Lowe who finishes September 18, 2023

    Announced by Australian PM Albanese & Treasurer Chalmers
    RBA’s first female governor
    Assistant governor in 2010
    Deputy governor in 2022

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