Committee activities (inquiries and reports)

Review of the Reserve Bank of Australia Annual Report 1997-98

Final Report

The Committee tabled its report Review of the Reserve Bank of Australia Annual Report 1997-98 on 23 August 1999. Copies of the sections of the report in PDF format follow and copies of the full report are available 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

Government response: June 2000 (PDF 147KB)

Interim Report

Table of contents of report:
Review of the Reserve Bank of Australia Annual Report 1997-98

FOREWORD

MEMBERSHIP OF THE COMMITTEE

TERMS OF REFERENCE

LIST OF ABBREVIATIONS

CHAPTER 1 INTRODUCTION (PDF format 18KB)

Background

Scope and conduct of the review

CHAPTER 2 CONDUCT OF MONETARY POLICY (PDF format 62KB)

Review of forecasts presented in December 1998

Reasons for Australia's economic success

Australian economy passes the Asian crisis stress test

Australia's links with the US business cycle

Impacts of tax reform and the GST

Business investment

The household saving ratio

Recommendation

Employment

The current account deficit

The exchange rate

Hedge funds

Inflation forecasting and targeting

Prospects for the rest of 1999 and 2000

CHAPTER 3 FINANCIAL SYSTEM STABILITY (PDF format 29KB)

Year 2000 problem (Y2K)

The regulatory framework

The payments system

Transparency

CHAPTER 4 BANK FEES AND PROFITS (PDF format 35KB)

Introduction

Margins and fees

Bank profits

Conclusion

APPENDIX B - LIST OF HEARINGS AND WITNESSES (PDF format 13KB)

(A copy of the public hearing transcripts are available in PDF format or from the Committee Secretariat)

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