Big changes for RBA, bank customers remain resilient, the world enters a new epoch
FEAR & GREED | Business News
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The New Processes for the Reserve Bank
Reserve Bank Governor Philip Lowe has outlined new processes for the central bank including fewer board meetings, press conferences after interest rate meetings to discuss decisions and a few internal changes as well. The governor said the number of board meetings will be cut from 11 to 8 from next February. It also revealed that the central bank's monetary policy framework will undergo a comprehensive review every five years.
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