The Reserve Bank of Australia welcomes the announcement by the Treasurer appointing Professor Bruce Preston to the Monetary Policy Board.
Professor Preston brings a deep understanding of economics and monetary policymaking. His distinguished academic career and experience in public policy will assist him to make a significant contribution to the Board's deliberations.
Governor Michele Bullock extends her sincere gratitude to Alison Watkins, whose term ends on 28 February, for her invaluable contributions during her time on the Monetary Policy Board and previously on the Reserve Bank Board. Ms Watkins brought thoughtful judgement and a deep appreciation of the challenges facing households, businesses and the broader economy. The Governor thanks Ms Watkins for her dedication and contribution, which have strengthened the work of the RBA through a period of significant change.
