The Reserve Bank of Australia has released a summary of stakeholder feedback to its consultation on the future system for monetary policy implementation, noting that the input has informed recent changes to the configuration of its open market operations. The consultation paper set out principles and options for the future framework and sought views on the configuration of full allotment repo within open market operations, the potential impacts of open market operations repo on Australian financial markets, the demand for reserves, and the role of non-repo operations. The RBA received 11 written responses, mostly from Australian and global banks, and held follow-up meetings with some respondents, with the published summary reflecting information from both. The RBA indicated it will continue to engage with stakeholders on the design of the monetary policy implementation system.
Reserve Bank of Australia 2025-04-02
Reserve Bank of Australia publishes stakeholder feedback summary on the future system for monetary policy implementation
The Reserve Bank of Australia released a summary of stakeholder feedback from its consultation on the future system for monetary policy implementation, which has informed changes to its open market operations. The RBA received 11 written responses and held follow-up meetings, and it will continue engaging with stakeholders on the system's design.