News & Announcements
June 2023
May 2023
Appearance by Philip Lowe, Governor, and Brad Jones, Assistant Governor (Financial System), before the Senate Economics Legislation Committee (Budget Estimates), Canberra
Strengthening the RBA's Payments Infrastructure
Media Release
Payments System Board Update: May 2023 Meeting
Media Release with issues discussed at this meeting
Australian Fixed Income Markets – Recent Developments and a Look Ahead
Head of Domestic Markets, David Jacobs, spoke at the Australian Government Fixed
Income Forum in Tokyo about the recent developments and outlook for Australia's
fixed income market including how the wind-down of the Reserve Banks balance sheet
is affecting markets.
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1.44KB
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
Research Discussion Paper 2023-04
The Why, How and What of Forecasting
Head of Economic Analysis Marion Kohler spoke to CEDA in Perth about how forecasting
is a key decision-making tool for central banks, the challenges associated with how
we forecast and our latest forecasts for growth, unemployment and inflation.
Audio
28.7MB
Q&A Transcript
Download
746KB
Remarks at the Reserve Bank Board Dinner
Governor Philip Lowe spoke at the Reserve Bank Board Dinner in Perth about the May
monetary policy decision, as well as a number of the Reserve Banks other functions
and the recently released Review of the Reserve Bank of Australia.
Audio
29MB
Q&A Transcript
Download
209KB
April 2023
New Insights into the Rental Market
This article jointly published with the Australian Bureau of Statistics draws out new insights into the private Australian rental market using a new large administrative dataset of rental properties, which is an input to the Consumer Price Index.
Reserve Bank Review
Governor Philip Lowe provides a briefing for media following the release of the
Final Report from the Review of the Reserve Bank of Australia – An RBA fit for
the future.
Q&A Transcript
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199KB
Review of the Reserve Bank of Australia
Media Release
Panel Participation by Michele Bullock, Deputy Governor, WEAI Monetary Panel, Melbourne
Audio 49MB Q&A Transcript
Monetary Policy, Demand and Supply
In this address, Governor Philip Lowe explains the Reserve Bank Board's monetary
policy decision at the 4 April 2023 meeting and discusses some of the factors that
are likely to bear on the economic outlook. He also talks about the importance of
returning to low inflation.
Audio
31MB
Q&A Transcript
Download
907KB
March 2023
The Shift to Electronic Payments – Some Policy Issues
In this keynote address, Ellis Connolly, Head of Payments Policy discusses the shift that Australians have made to paying for goods and services electronically and how the Bank is addressing important payments policy issues that have emerged due to this transition.
Audio
9.7MB
Q&A Transcript
Download
615KB
Unreserved
The latest release of archival records includes economic analysis from the 1970s, promotional materials about Bank services, 1960s photographs and the Coombs Collection of Australian paintings.
Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
Research Discussion Paper 2023-03
Passing of Robert (Bob) Alan Johnston AC
On behalf of current and former colleagues at the Reserve Bank, the Governor, Philip Lowe, records with deep regret that former Governor Robert Alan Johnston AC died on 20 March 2023, aged 98. He was Governor of the Reserve Bank from 1982 to 1989.
Long and Variable Monetary Policy Lags
In this speech, Assistant Governor (Financial Markets) Christopher Kent explains
recent temporary changes that have lengthened the time it takes for monetary
policy to affect spending via its effect on the cash flows of borrowers.
Audio
13.7MB
Q&A Transcript
Download
576KB
Inflation and Recent Economic Data
In this keynote address, Governor Philip Lowe explains the positive labour market outcomes of recent years and the factors the Reserve Bank Board is paying close attention to as it navigates the narrow path to bring inflation back to target.
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905KB
Audio
22.9MB
Research Project Exploring Use Cases for CBDC
Joint Media Release
Did Labour Market Concentration Lower Wages Growth Pre-COVID?
Research Discussion Paper 2023-02
Remarks at IIF Australia Forum, Westpac – Sydney
Brad Jones, Assistant Governor (Financial System).
No text available.
Audio
12.1MB
February 2023
Appearance before the Parliamentary Joint Committee on Corporations and Financial Services
Michele Bullock, Deputy Governor, and Adam Cagliarini, Deputy Head (FMI) Payments Policy Department. No text available.
Opening Statement to the House of Representatives Standing Committee on Economics
Speech by Philip Lowe, Governor, Canberra
Download
237KB
Hansard Transcript
Payments System Board Update: February 2023 Meeting
Media Release with issues discussed at this meeting
Appearance before the Senate Economics Legislation Committee (Supplementary Budget Estimates) – Canberra
Philip Lowe, Governor and Michele Bullock, Deputy Governor. No text available.
Hansard Transcript
New $5 Banknote Design
Media Release
Opening Statement to the Senate Select Committee on the Cost of Living
Marion Kohler, Head of Economic Analysis Department and
Tom Rosewall, Deputy Head of Economic Analysis Department
Download
210KB
Hansard Transcript
January 2023
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
Research Discussion Paper 2023-01
Appointment of Head of Domestic Markets
Media Release
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
Research Discussion Paper 2022-09
December 2022
The Consequences of Low Interest Rates for the Australian Banking Sector
Research Discussion Paper 2022-08
ASIC – RBA Further Regulatory Response Regarding the ASX CHESS Replacement Program
Media Release 2022-43
An Efficient, Competitive and Safe Payments System
Keynote Address by Philip Lowe, Governor, at Australian Payments Network Summit 2022, Sydney
Download
639KB
Audio
16MB
Q&A Transcript
The Term Funding Facility: Has It Encouraged Business Lending?
Research Discussion Paper 2022-07
Information Provided to the Review of the Reserve Bank of Australia
Media Release 2022-42
The Economics of a Central Bank Digital Currency in Australia
Speech by Brad Jones, Assistant Governor (Financial System), to the 17th Central Bank Conference on the Microstructure of Financial Markets, Sydney
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686KB
Audio
15.7MB
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-41
Panel Participation by Philip Lowe, Governor – Central Banking amidst Shifting Ground – at the Bank of Thailand 80th Anniversary Conference – Bangkok
No text available.
November 2022
Securitisation: Past, Present and Future
Speech by Jonathan Kearns, Head of Domestic Markets, to the Australian Securitisation Conference, Sydney
Download
884KB
Audio
14.4MB
Q&A Transcript
Final Incident Report – RBA Technology Outage on 12 October
Media Release 2022-40
Appearance before the Senate Economics Legislation Committee (Additional Budget Estimates) – Canberra
Philip Lowe, Governor
No text available.
Hansard Transcript
Payments System Board Update: November 2022 Meeting
Media Release 2022-39
Price Stability, the Supply Side and Prosperity
Address by Philip Lowe, Governor, CEDA Annual Dinner Address, Melbourne
Download
776KB
Audio
50.6MB
Q&A Transcript
ASIC - RBA joint statement on ASX CHESS replacement program
Media Release 2022-38
Review of the RBA's Approach to Forward Guidance
Media Release 2022-37
Appearance before the Senate Economics Legislation Committee (Budget Estimates) – Canberra
Michele Bullock, Deputy Governor
Christopher Kent, Assistant Governor (Financial Markets)
No text available.
Hansard Transcript
Do Australian Households Borrow to Keep up with the Joneses?
Research Discussion Paper 2022-06
The Economic Outlook
Speech by Michele Bullock, Deputy Governor, to the Australian Business Economists, Sydney
Download
738KB
Audio
20.5MB
Q&A Transcript
Panel Participation by Jonathan Kearns, Head of Domestic Markets – Wholesale Market Conditions and Resilience – at the ASIC Annual Forum – Sydney
No text available.
Audio
26.9MB
Q&A Transcript
Remarks at the Reserve Bank Board Dinner
Remarks by Philip Lowe, Governor, Hobart
Download
192KB
Audio
8MB
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-36
October 2022
2022 Triennial Central Bank Survey of Foreign Exchange and Derivative Markets
Media Release 2022-35
The Real Effects of Debt Covenants: Evidence from Australia
Research Discussion Paper 2022-05
Exchange Rates and Inflationary Pressures
Speech by Christopher Kent, Assistant Governor (Financial Markets), Commonwealth Bank Global Markets Conference, Sydney
Download
779KB
Audio
74.1MB
Q&A Transcript
Policymaking at the Reserve Bank
Speech by Michele Bullock, Deputy Governor, at the AFIA Annual Conference, Sydney
Download
490KB
Audio
15.6MB
Q&A Transcript
Technology Outage
Media Release 2022-34
The Neutral Rate: The Pole-star Casts Faint Light
Keynote Address by Luci Ellis, Assistant Governor (Economic), to Citi Australia & New Zealand Investment Conference, Sydney
Download
638KB
Audio
18.5MB
Q&A Transcript
The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
Research Discussion Paper 2022-04
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-33
September 2022
A Matter of Diversity
Speech by Jacqui Dwyer, Head of Information Department, at Macquarie University
Download
416KB
Assessment of ASX Clearing and Settlement Facilities – September 2022
Media Release 2022-32
Unreserved
Latest release of archival records includes items relating to Dr HC ‘Nugget’ Coombs, 1960s photographs and additional records on economic analysis from 1918 to 1973.
White Paper on CBDC Research Project
Media Release 2022-31
Review of the Bond Purchase Program
Speech by Michele Bullock, Deputy Governor, Bloomberg, Sydney
Download
545KB
Audio
43MB
Q&A Transcript
Review of the Bond Purchase Program
Media Release 2022-30
Macrofinancial Stress Testing on Australian Banks
Research Discussion Paper 2022-03
Interest Rates and the Property Market
Speech by Jonathan Kearns, Head of Domestic Markets, to AFR Property Summit 2022, Sydney
Download
560KB
Audio
47.1MB
Q&A Transcript
Opening Statement to the House of Representatives Standing Committee on Economics
Statement by Philip Lowe, Governor, Canberra
Download
228KB
Hansard Transcript
The Queen and Australian Banknotes
Media Release 2022-29
Inflation and the Monetary Policy Framework
Speech by Philip Lowe, Governor, to the Anika Foundation, Sydney
Download
776KB
Audio
24.4MB
Q&A Transcript
Panel participation by Ellis Connolly, Head of Payments Policy Department, at the Intersekt Festival 2022 – Melbourne
No text available.
Audio
62.4MB
Q&A Transcript
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-28
August 2022
Payments System Board Update: August 2022 Meeting
Media Release 2022-27
Review of Banknote Distribution Arrangements: Conclusions Paper
Media Release 2022-26
Climate Change Risk in the Financial System
Speech by Jonathan Kearns, Head of Domestic Markets, Credit Law Conference ‘Managing Financial Services Risks in an Age of Uncertainty’, Sydney
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524KB
Audio
13.1MB
Q&A Transcript
Private-Sector Economists Panel and Academic Panel
Media Release 2022-25
Appointment of Heads of International Department and Financial Stability Department
Media Release 2022-24
Delay to the ASX CHESS Replacement Project and Independent Review
Media Release 2022-22
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-21
July 2022
RBA Review Terms of Reference
Treasurer Jim Chalmers has today announced the Terms of Reference for the review of the Reserve Bank. See the Treasurer's media release for details.
Inflation, Productivity and the Future of Money
Address by Philip Lowe, Governor, to the Australian Strategic Business Forum 2022, Melbourne
Download
766KB
Audio
17.8MB
Q&A Transcript
How Are Households Placed for Interest Rate Increases?
Speech by Michele Bullock, Deputy Governor, at the ESA (QLD) Business Lunch, Brisbane
Download
470KB
Audio
45.5MB
Q&A Transcript
Panel Participation by Philip Lowe, Governor, at the G20 Side Events Series Gala Seminar Central Bank Digital Currency and Crypto-Assets – Bali
No text available.
Audio
30MB
Q&A Transcript
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-20
Changes to Heads of Department in Economic and Financial Markets Groups
Media Release 2022-19
June 2022
Central Banks Committed to Economic Prosperity and Wellbeing in South Pacific
Media Release 2022-18
The Causes, Challenges and Consequences of the Low Interest Rate Environment
Draft papers presented at Reserve Bank of Australia 2022 Conference
Panel Participation by Philip Lowe, Governor, at the UBS Panel discussion Central Banks and Inflation, Zurich
No text available.
Audio
60.6MB
Q&A Transcript
Appointment: Brad Jones as Assistant Governor, Financial System
Media Release 2022-17
Inflation and Monetary Policy
Speech by Philip Lowe, Governor, to American Chamber of Commerce in Australia (AMCHAM), Sydney
Download
399KB
Audio
28.4MB
Q&A Transcript
Review of the Yield Target
Media Release 2022-16
Assessment of the Reserve Bank Information and Transfer System
Media Release 2022-15
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-14
May 2022
Payments System Board Update: May 2022 Meeting
Media Release 2022-13
Housing in the Endemic Phase
Keynote Speech by Luci Ellis, Assistant Governor (Economic), to the UDIA 2022 National Congress, Sydney
Download
481KB
Audio
17.8MB
Q&A Transcript
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
Research Discussion Paper 2022-02
From QE to QT – The next phase in the Reserve Bank's Bond Purchase Program
Keynote Address by Christopher Kent, Assistant Governor (Financial Markets), KangaNews DCM Summit, Sydney
Download
757KB
Audio
30MB
Q&A Transcript
Panel Participation by Michele Bullock, Deputy Governor, at the Regulators 2022 (FINSIA) – Sydney
No text available.
Audio
38MB
Q&A Transcript
Today's Monetary Policy Decision
Speech by Philip Lowe, Governor, Sydney
Video
Download
235KB
Audio
58MB
Q&A Transcript
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-12
Real-time Payments in Australia
Opening Address by Ellis Connolly, Head of Payments Policy Department, to the Real Time Payments Summit 21/22, ICC, Sydney
Download
266KB
Audio
39MB
Q&A Transcript
April 2022
Appearance before the Senate Economics Legislation Committee (Budget Estimates) – Online
Michele Bullock, Deputy Governor
Christopher Kent, Assistant Governor (Financial Markets)
No text available.
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-11
Appointment: Michele Bullock As Deputy Governor
Media Release 2022-10
March 2022
Unreserved
Latest release of archival records includes economic analysis over the period 1918 to 1966, as well as historic documents and photographs about Bank offices and branches.
Appearance at the Walkley Awards for Business Journalism 2021 – Sydney
Remarks by Philip Lowe, Governor
No text available.
Audio
42.7MB
Renewal of Bilateral Local Currency Swap Agreement With Bank of Japan
Media Release 2022-08
Opening address at Banking 2022 Conference
Address by Philip Lowe, Governor
No text available.
Audio
40.9MB
Q&A Transcript
Resignation: Deputy Governor
Media Release 2022-07
Recent Economic Developments
Keynote Address by Philip Lowe, Governor, AFR Business Summit, Sydney
Download
876KB
Audio
47.7MB
Q&A Transcript
Appointment of Head of Banking
Media Release 2022-06
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-05
February 2022
Changes to the Reserve Bank's Open Market Operations
Remarks by Christopher Kent, Assistant Governor (Financial Markets), to the Australian Financial Markets Association, Sydney
Download
446KB
Audio
37.2MB
Q&A Transcript
Role of the Financial Sector in Sustaining the Recovery
Remarks by Philip Lowe, Governor, to G20 Meeting in Indonesia, Online
No text available.
Audio
18.9MB
Q&A Transcript
Payments System Board Update: February 2022 Meeting
Media Release 2022-03
Appearance before the Senate Economics Legislation Committee (Supplementary Estimates) – Online
Guy Debelle, Deputy Governor
Michele Bullock, Assistant Governor (Financial System)
No text available.
Hansard Transcript
Opening Statement to the House of Representatives Standing Committee on Economics
Statement by Philip Lowe, Governor, Online
Download
155KB
Hansard Transcript
Video of the Proceedings
The Year Ahead
Address by Philip Lowe, Governor, to National Press Club of Australia, Sydney
Download
250KB
Audio
68.9MB
Q&A Transcript
Statement by Philip Lowe, Governor: Monetary Policy Decision
Media Release 2022-02
January 2022
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA's Macroeconometric Model
Research Discussion Paper 2022-01
Appointment of Head of Human Resources Department
Media Release 2022-01
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