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Monetary Policy Statement

The Reserve Bank publishes its Monetary Policy Statement (MPS) quarterly. Each Monetary Policy Statement must set out:

  • how the Reserve Bank proposes to achieve its targets;
  • how it proposes to formulate and implement monetary policy during the next five years; and
  • how monetary policy has been implemented since the last Monetary Policy Statement.

Monetary Policy Statement and Official Cash Rate review dates
List of Official Cash Rate changes

Current Monetary Policy Statement

2013: March Monetary Policy Statement (PDF 2.1MB)
News release, 14 March 2013
Policy Assessment by Governor Graeme Wheeler.
Data for the March 2013 MPS graphs (Excel 1MB)
Webcast of the media conference.

Previous Monetary Policy Statements

View previous Monetary Policy Statements back to December 1996. Monetary Policy Statements are in PDF format.

View previous Monetary Policy Statement webcasts back to 2007.

Webcasts of previous Official Cash Rate announcements.

Some materials are in Adobe Acrobat PDF format. You can download the free Acrobat PDF reader from the Adobe website.