The House of Representatives Standing Committee on Economics will hold a public hearing with the Governor of the Reserve Bank of Australia (RBA), Mr Philip Lowe, on Friday, 11 February 2022. The RBA last appeared before the committee in August 2021.
Monetary policy has been incredibly consequential for the Australian economy and the decisions the RBA take, have an impact on everyone. Particularly at a time of great uncertainty when the COVID-19 pandemic and new strains continue to affect economies and markets around the globe.
The committee will be scrutinising recent measures of the RBA, including its decisions to cease further purchases under the bond purchasing program and to maintain the cash rate target at 10 basis points. Additionally, the committee will scrutinise the RBA’s thinking around inflation targets and its outlook for monetary policy.