The Monetary Policy Board is responsible for determining the monetary policy of the RBA in a way that best contributes to price stability and the maintenance of full employment in Australia, and the RBA’s policy for contributing to the stability of the Australian financial system.
Membership consists of the Governor, Deputy Governor, Secretary to the Treasury and six external members.
Further information
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Type of Body
D. Statutory advisory structure
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Established By / Under
Act / Regulation
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Established By/Under More info
Reserve Bank Act 1959
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Paid Members?
Yes
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Max No. of Board/Committee Members
9
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Classification
B. Secondary statutory structure
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Function Categorization
Advisory Board
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Creation Date
Current board appointments
| Position | Appointee | Start Date | End Date |
|---|---|---|---|
| Member | Ms. Alison Watkins | 1 March 2025 | 28 February 2026 |
| Member | Dr. Iain Ross AO | 1 March 2025 | 31 August 2028 |
| Member | Prof. Renee Fry-McKibbon | 1 March 2025 | 28 February 2028 |
| Member | Ms. Marnie Baker | 1 March 2025 | 28 February 2030 |
| Member | Ms. Carolyn Hewson AO | 1 March 2025 | 28 February 2027 |
| Member | Prof. Ian Harper AO | 1 March 2025 | 30 August 2026 |
Last updated: