Uncharted Territory: Review of the Reserve Bank of Australia Annual Reports 2019 and 2020

March 2022

© Commonwealth of Australia 2022
ISBN: 978-1-76092-410-2

View the report as a single document:

View the report as separate downloadable parts:

Chair's Foreword


  Committee Secretariat

Terms of Reference


1. Introduction

2. Monetary Policy in Response to the COVID-19 Pandemic


3. Broader Economic Conditions and Other Issues

  Australia’s Economic Recovery
  Inflation and the RBA Inflation Target
  Unemployment and Underemployment
  Wage Growth
  Labour Supply and Migration
  Housing Affordability
  Digital Currency
  Digital Wallets
  Reserve Bank Governance Issues

A. Hearings, briefings and witnesses

  Public Hearings
  Private Briefings

B. Seventh Statement on the Conduct of Monetary Policy

  Relationship between the Reserve Bank and the Government
  Objectives of Monetary Policy
  Transparency and Accountability
  Financial Stability

Committee Secretariat contact:

Committee Secretary
Standing Committee on Economics
PO Box 6021
Parliament House
Canberra ACT 2600

Phone: (02) 6277 4587

About this inquiry

The House of Representatives Standing Committee on Economics is empowered to inquire into, and report on, the annual reports of government departments and authorities tabled in the House that stand referred to the committee in accordance with the Speaker’s Schedule.

The Reserve Bank of Australia annual reports stand referred to the committee in accordance with this schedule. The committee resolved to conduct an inquiry into the RBA’s 2019 Annual Report on 10 December 2019, and extended the inquiry to cover the 2020 Annual Report on 23 June 2021.

Past Public Hearings

11 Feb 2022: Canberra
06 Aug 2021: Canberra
05 Feb 2021: Canberra