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Peter Costello and Reserve Bank Transparency

Peter Costello in 2012:

The RBA… as a public institution it must be subject to public scrutiny.

Peter Costello in 2004:

The Reserve Bank of Australia has used powers given to it by Treasurer Peter Costello to issue a “conclusive certificate” to prevent publication of the RBA board’s minutes, saying their release is not in the public interest.

The Reserve Bank’s action on Thursday 25 November came just three days before the start of a hearing in the Administrative Appeals Tribunal in which The Weekend Australian newspaper was set to challenge the RBA’s decision under the Freedom of Information Act not to release the minutes of its meetings and voting records for 2003/04.

posted on 23 August 2012 by skirchner in Economics, Monetary Policy

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