CANBERRA, ACT, July 10 -- The Treasurer of Australia issued the following media release:
Today I am releasing an updated Statement on the Conduct of Monetary Policy (SCMP) and the first Statement of Expectations for the RBA's Governance Board.
The RBA Monetary Policy Board formally agreed the new SCMP at its meeting on 7-8July.
These new Statements are next steps to strengthen the independence and transparency of the RBA.
They finalise the Government's implementation of our reforms to the RBA, including the publication of unattributed votes by the Monetary Policy Board.
These reforms are all about reinforcing the Reserve Bank's independence, clarifying its mandate, modernising its structures and enhancing its accountability.
This is p...