Question Number: 131
PDR Number: SBE131
Date Submitted: 18/11/2022
Department or Body: Macroeconomic Analysis and Policy Division
1. The Treasury is not currently considering adopting a quantitative easing program in conjunction with the RBA. 2. Several measures are in place between the RBA, APRA and the Government to ensure that Australia’s economic policy is cohesive. These include:
• the Statement on the Conduct of Monetary Policy, agreed between the Treasurer and the Governor of the RBA,
• the Government’s Statement of Expectations for APRA, and APRA’s Statement of Intent, and
• coordination through the Council of Financial Regulators, which includes the RBA, APRA, ASIC and Treasury. The ongoing RBA Review will also investigate interactions between fiscal, monetary, and macroprudential policy.
