RBA Governor to appear before House Economics Committee

THE House of Representatives Standing Committee on Economics will hold a public hearing with the Governor of the Reserve Bank of Australia (RBA), Philip Lowe, on Friday, August 6, 2021. The RBA last appeared before the committee in February.

Committee Chair, Tim Wilson MP, said, "There have been few times when monetary policy has been more consequential for the Australian economy.

"The committee will be scrutinising the RBA’s measures in response to the COVID‑19 pandemic, particularly the move to implement quantitative easing, and how these measures will help the Australian economy recover.

"The decisions the RBA make have an impact on everyone. Cheap easy money is pushing up asset prices, causing skyrocketing housing costs.

"The dream of home ownership is rapidly moving further and further out of reach for many Australians. There needs to be scrutiny of the consequences of the RBA’s decisions." Mr Wilson said.

The committee will also be scrutinising the RBA’s response to the recent COVID outbreaks and lockdowns in Australia’s cities.

"The current outbreaks and lockdowns are hitting Australian households and businesses hard and threatening Australia’s economic recovery. The committee is interested in the RBA’s views on how these outbreaks will impact Australia’s economic recovery," Mr Wilson said.

Public hearing details

Committee: House of Representatives Economics Committee
Venue: Main Committee Room
Date:​Friday, 6 August 2021
Time: 9.30am to 12.30pm

Due to health and safety concerns relating to the COVID-19 pandemic, these hearings are not currently scheduled to be open for public attendance. The hearing will be broadcast live at aph.gov.au/live.

 

ends