Free Trial

Terms Of Review Outlined

RBA

Note that the Treasury has outlined the principles that the review of the RBA will follow. The review will focus on several areas, including:

  • The Bank’s 2-3% inflation target and its performance when it comes to meeting its target.
  • Appointment to and makeup of the Board.
  • Transparency of the RBA’s messaging.
  • Bank action during the COVID pandemic.
  • The interaction between monetary, fiscal and macroprudential policy.
  • Governance and culture at the Bank.
  • The review will be independent of the RBA and headed up by BoE external Financial Policy Committee member Carolyn Wilkins, ANU Professor Renee Fry-McKibbin and senior public servant Gordon de Brouwer. The committee heading the review will report by March ’23.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.