Consultation on the Future System for Monetary Policy Implementation in Australia | Media Releases | RBA
Central bank: rba | Type: statement | Date: 2024-04-04

Media Release
Consultation on the Future System for Monetary Policy Implementation in Australia
4 April 2024
At its March 2024 meeting, the Reserve Bank Board considered broad options for the future system for
monetary policy implementation in Australia. The Board endorsed a plan to operate with ample reserves, by
meeting all demands for reserves via full allotment auction at the RBA’s open market operations.
The RBA has today released a
Consultation Paper
to guide the consultation process. This paper sets out
the principles and options regarding detailed design features of the ample reserves system and seeks
feedback from stakeholders, including on specific topics.
Comments and questions should be sent to
mpisubmissions@rba.gov.au
. The submission closes on
Friday 10 May