Reserve Bank governor Philip Lowe announces big changes to RBA board, including fewer board meetings a year, and press conferences after every meeting.
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 post-meeting statement announcing the decision will be issued by the board, not, as is currently the case, the governorThe media conference is expected to be held at 3:30 pm. 7. The board, rather than just the governor, will be the signatory to the Statement on the Conduct of Monetary Policy, 10. The board will work with Treasury to undertake five-yearly open and transparent reviews of the monetary policy framework.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philip Lowe expected to give response to government’s RBA inquiryRBA Governor Philip Lowe will speak in Brisbane on Wednesday as Treasurer Jim Chalmers continues to weigh up the future of who will lead the Reserve Bank. Mr Lowe’s speech, which could be one of his last, is expected to be a response directed at the federal government's independent review of the Reserve Bank after 12 interest rate rises in 13 months. The speech will also include how he plans to implement the review's 51 recommendations.
Read more »
‘It’s his last speech’: Mark Bouris prediction for RBA Governor Philip LoweMark Bouris has given his prediction for the upcoming spring selling season and warned about a double whammy of homeowners forced to sell and mortgage holders coming off fixed interest rates.
Read more »
Philip Lowe announces ‘significant package of reform’ to improve RBA’s decision-makingReserve Bank Governor Philip Lowe has announced a 'significant package of reform' to allow for better decision making and communication from the RBA. “The recommendations cover three general areas,' Mr Lowe said. “First is the legislation that the RBA operates under, the second is how we undertake the monetary policy decisions and how we communicate those decisions, and the third element of review is how the RBA’s managed internally as an organisation.'
Read more »
RBA governor decision expected this weekWith central bank boss Philip Lowe’s tenure in limbo, Treasurer Jim Chalmers has set the stage for a national wellbeing framework, saying textbook fiscal policy can only go so far.
Read more »
Further interest rate rises will be ‘dangerous’ for LaborNorthern Territory correspondent Matt Cunningham accuses Labor of attempting to make RBA Governor Philip Lowe to be the “bogeyman” for raising interest rates to fight inflation. “If we see further interest rate rises, the government’s been able to blame the past 10 on the previous government and on the Reserve Bank,” Mr Cunningham told Sky News host Sharri Markson. “That’ll be dangerous for Labor if those rates are still going up.”
Read more »
Labor will ‘restructure’ RBA to include people ‘more aligned’ with their values: BourisYellow Brick Road Home Loans Executive Chairman Mark Bouris says Wednesday will be RBA governor Philip Lowe’s last speech as the Labor government looks to “restructure” the Reserve Bank. “From the language he uses, he expects it to be his last speech,” Mr Bouris told Sky News Australia. “They (Labor) are going to put in a structure which includes people more aligned to their values.”
Read more »