Review of the Reserve Bank of Australia

The Treasurer, the Hon Dr Jim Chalmers, announced the Review of the Reserve Bank in July 2022.

The Review is designed to ensure that Australia’s monetary policy arrangements and the operations of the Reserve Bank continue to support strong macroeconomic outcomes for Australia in a complex and continuously evolving landscape. The Review will report to the government in March 2023.

The Reserve Bank has been assisting the Review Panel in a number of ways, with individual and group discussions, and the provision of information in response to questions along with a range of related documents, including reviews, publications, speeches and internal papers. Staff were also invited to make public and private submissions, respond to a confidential survey and participate in focus groups.

Information provided to the Review of the Reserve Bank of Australia Panel

The Reserve Bank published information provided to the Review of the Reserve Bank of Australia on 8 December 2022. The material was provided to the Review Panel in response to two sets of questions related to the key themes of the Review: monetary policy arrangements; performance against objectives, including communications; governance; and the institution more broadly. In addition, the Bank has provided the Review with a range of documents, including reviews, publications, speeches and internal papers.