2024 is going to be a year of huge change for the Reserve Bank of Australia.
The number of meetings have been cut from 11 a year to 8 (Fibonacci folks take note!).
There will also be a new policy to have Reserve Bank of Australia Governor Bullock hold a press conference after each meeting.
Bank of America (via AFR, gated) on what to expect:
Less frequent meetings is probably a good thing for the RBA
Allows the bank not to have to keep its hawkish guidance when the data goes month to month
Bullock appears less inclined to raise interest rates than her predecessor, Philip Lowe
new deputy governor, British central banker Andrew Hauser, and a new chief economist, Treasury official Sarah Hunter, could have an impact
“In short, RBA communications will be a little bit more volatile to start with, but will be probably better in the longer term”
RBA dates ahead:
This article was written by Eamonn Sheridan at www.forexlive.com. Source