Mr. Macfarlane reports on monetary policy and financial stability in the Australian Economy Opening statement by the Governor of the Reserve Bank of Australia, Mr. Ian Macfarlane, to the House of Representatives Standing Committee on Financial Institutions and Public Administration in Melbourne on 7/5/98 (slightly abridged). 1.
Introduction Mr Chairman, It is a pleasure to be here in front of your Committee for the third time under the new arrangements set out in the Statement on the Conduct of Monetary Policy.