An Economic Revolution Comes Late Down Under
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The Reserve Bank of Australia (RBA) is implementing a reform to hold press conferences after rate decisions, a practice that is common for central banks globally but was resisted by the RBA. This marks a significant change for the RBA, which had fallen behind best practices in communication. The new governor, Michele Bullock, will make her debut press conference following a rate decision on Tuesday. The RBA's move to embrace communication reflects the growing importance of talk as a critical part of monetary policy.

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https://www.bloomberg.com/opinion/articles/2024-02-04/rba-revolution-comes-late-to-australian-central-bank