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Statement on the Conduct of Monetary Policy The Treasurer and the Governor of the Reserve Bank
The Statement on the Conduct of Monetary Policy (the Statement) records the common understanding of the Reserve Bank Board and the Government on key aspects of Australia’s monetary and central banking policy framework. The Statement seeks to foster a sound understanding of the nature of the relationship between the Reserve Bank Board and the Government, the objectives of monetary policy, the mechanisms for ensuring transparency and accountability in the way monetary policy is conducted, and the independence of the Reserve Bank. The Statement also sets out ways in which the Reserve Bank and Government are responding ... (full story)