The House of Representatives Standing Committee on Economics will hold its biannual public hearing with the Governor of the Reserve Bank of Australia (RBA), Dr Philip Lowe, on Friday 11 August 2023. This will be the Bank’s first public hearing since the release of the Review of the RBA and marks Governor Lowe’s last appearance before his term ends on 17 September 2023. His successor, Ms Michele Bullock, and other Bank officials will appear alongside him.
Committee Chair, Dr Daniel Mulino MP, said that, ‘The RBA’s decisions to pause interest rates in July and this month were welcome news to mortgage holders and renters. Although inflation is declining, it remains a key challenge to Australia’s economy and household budgets are still feeling the pressure.’
‘The committee takes its scrutiny of the RBA seriously and will continue to examine how the challenges of tackling high inflation are evolving – especially in light of the RBA’s mandate of returning inflation to the 2 to 3 per cent range over time.’
‘I would also like to take this opportunity to thank Governor Lowe for his long service to the community – not just the past seven years as Governor but also the 40 years he has spent at the RBA.’
Public hearing details
Date: Friday, 11 August 2023
Time: 9.30am – 12.30pm
Location: Committee Room 2R1, Parliament House, Canberra
The hearing will be broadcast live at aph.gov.au/live.
