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RBA Glossary definition for Four Pillars Policy

Four Pillars Policy – An Australian Government policy that there should be no fewer than four major banks to maintain appropriate levels of competition in the banking sector.

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Governance and Accountability

9 Aug 2023 RBA Annual Report - 2022 PDF 1919KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/governance-and-accountability.pdf

The Year in Brief

2 Aug 2023 RBA Annual Report – 1975
There were substantial alterations in external, fiscal and monetary policies and sharp variations in the course of imports, the overall balance of payments, the Budget deficit and the money supply. ... Authorities in many countries placed heavy reliance
https://www.rba.gov.au/publications/annual-reports/rba/1975/year-in-brief.html

The Australian Economy

24 Jul 2023 RBA Annual Report – 1975
the restrictive stance monetary policy maintained throughout the year; this situation continued in the early months of 1974/75. ... Subsequently conditions eased markedly and quickly as policy altered course, and by the close of 1974/75 financial
https://www.rba.gov.au/publications/annual-reports/rba/1975/australian-economy.html

Economic Developments Abroad

24 Jul 2023 RBA Annual Report – 1975
By around the end of 1974, fiscal policy had become considerably more expansionary. ... orderly exchange arrangements and to pursue exchange policies that contributed to the international adjustment process.
https://www.rba.gov.au/publications/annual-reports/rba/1975/economic-developments-abroad.html

Banking and Issue Operations

24 Jul 2023 RBA Annual Report – 1975
The Reserve Bank is banker to the Australian Government, the Governments of four of the States, and the Administration of the Northern Territory. ... The Bank also offered Fellowships in Economic Policy to two applicants under a scheme initiated in 1974.
https://www.rba.gov.au/publications/annual-reports/rba/1975/banking-and-issue-operations.html

The Economy and Economic Policies in 1976/77

26 Jun 2023 RBA Annual Report – 1977
Reserve Bank of Australia Annual Report – 1977 The Economy and Economic Policies in 1976/77. ... A listing of policy measures since July 1976 appears at the end of this part of the Report.
https://www.rba.gov.au/publications/annual-reports/rba/1977/eco-eco-policies.html

Financial Developments in Australia

26 Jun 2023 RBA Annual Report – 1976
turning around the very easy monetary and fiscal policies which had been brought into effect during 1974/5. ... Despite this, and four further increases in the SRD ratio, after which it had risen from 3 per cent at the beginning of the financial year to 7
https://www.rba.gov.au/publications/annual-reports/rba/1976/fin-dev-australia.html

Australia and the World Economy

26 Jun 2023 RBA Annual Report – 1976
Financial and budgetary policies in most countries have been generally accommodating to economic recovery. ... Those where earlier policies were tightest seemed to have achieved greatest success against inflation.
https://www.rba.gov.au/publications/annual-reports/rba/1976/australia-and-the-world-economy.html

Monetary Policy and Financial Developments

26 Jun 2023 RBA Annual Report – 1977
other policy instruments that were brought to bear against inflation, by exercising some restraint. ... of financial aggregates required a series of adjustments of the instruments of policy.
https://www.rba.gov.au/publications/annual-reports/rba/1977/monetary-policy-and-financial-developments.html

Economic Activity

26 Jun 2023 RBA Annual Report – 1977
The experience of a sequence of major changes in the direction of economic policies may also have slowed the restoration of confidence. ... As indicated in Chart 9, dwelling investment has shown pronounced fluctuations in the past four years.
https://www.rba.gov.au/publications/annual-reports/rba/1977/eco-activity.html