House of Representatives Committees

Standing Committee on Economics, Finance and Public Administration

Committee activities (inquiries and reports)

Review of the Reserve Bank of Australia annual report 1997-98: Interim report

The Committee tabled its report Review of the Reserve Bank of Australia annual report 1997-98: Interim report on 8 March 1999. Copies of the full report are available in PDF format (72KB) or from the Committee Secretariat.

(To view or print the PDF document, you will require the Acrobat PDF Reader, which can be downloaded free of charge from Adobe)

Media releases

Speeches

Government response: to date there has been no Government response to the Committee's report.

Final Report

 

Table of contents of report:
Review of the Reserve Bank of Australia annual report 1997-98: Interim report

FOREWORD

MEMBERS OF THE COMMITTEE

TERMS OF REFERENCE

ACRONYMS AND ABBREVIATIONS

CHAPTER ONE: INTRODUCTION

Background
Scope and conduct of the review
CHAPTER TWO: CONDUCT OF MONETARY POLICY AND FINANCIAL SYSTEM STABILITY

Conduct of monetary policy
Review of forecasts presented in May 1998
Australia's success
Australia's links with the US business cycle
International involvements
Hedge funds
Impact of tax reform on the economy
Unemployment
Prospects for 1999
Changing views on monetary policy
Competition, interest rates, margins, fees and charges, and savings
Euro currency
The new division of financial responsibilities
Payments system
Year 2000 problem
Customer services (commercial operations)
Management of the bank: Corporate developments
APPENDIX 1: LIST OF SUBMISSIONS

1 Reserve Bank of Australia (Interest rate implementation lags)
APPENDIX 2: LIST OF EXHIBITS

APPENDIX 3: LIST OF HEARINGS AND WITNESSES ( A copy of the public hearing transcript for the 15 December 1999 is available in PDF format or from the Committee Secretariat)
LIST OF TABLES

Table 2.1: Implementation lags

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