2024 is going to be a year of huge change for the Reserve Bank of Australia.
The number of meetings have been cut from 11 a year to 8 (Fibonacci folks take note!).
There will also be a new policy to have Reserve Bank of Australia Governor Bullock hold a press conference after each meeting.
Bank of America (via AFR, gated) on what to expect:
Less frequent meetings is probably a good thing for the RBA
Allows the bank not to have to keep its hawkish guidance when the data goes month to month
And:
Bullock appears less inclined to raise interest rates than her predecessor, Philip Lowe
new deputy governor, British central banker Andrew Hauser, and a new chief economist, Treasury official Sarah Hunter, could have an impact
“In short, RBA communications will be a little bit more volatile to start with, but will be probably better in the longer term”
RBA dates ahead: