Overview

• A decision on publishing non-attributed votes at split monetary policy meetings will be taken at the July 7–8 board gathering.
• The change completes key recommendations from an independent review that also established separate boards for monetary policy and governance oversight.
• Under the reform, only the vote tally—not individual member names—will be disclosed when the committee fails to reach unanimity.
• Governor Michele Bullock and Treasurer Jim Chalmers say the reforms will reinforce the RBA’s autonomy, clarify its mandate and modernise its structures.
• The bank has recently cut its cash rate and is weighing further reductions as inflation remains above target and labour market dynamics shift.