Policy Meetings Cut To 8 (From 11) In 2024

RBA Governor Lowe has announced several changes to the RBA policy setting framework. In a speech the Governor has stated the following, see this link for more details.

• "From 2024, the Board will meet eight times a year, rather than 11 times as is currently the case. Four of the meetings will be on the first Tuesday of February, May, August and November. The other four meetings will be held midway between these meetings. The exact dates for 2024 will be published soon and the dates for future years will be published well in advance."
• "The Board meetings will be longer than is currently the case. They will typically start on the Monday afternoon and then continue on the Tuesday morning. The outcome of the meeting will be announced at 2.30 pm on the second day, typically a Tuesday as is the case now."
• "The Governor will hold a media conference after each Board meeting to explain the decision. The media conference is expected to be held at 3.30 pm."
• "The quarterly Statement on Monetary Policy will be released at the same time as the outcome of the Board meeting (in February, May, August and November), rather than on the following Friday as is currently the case. Given this and other changes, we are reviewing the structure of this document."