Exercising this power would be a major political step and would draw strong interest from the media and financial markets, so it is not something that would be done lightly. At its core, the relationship between the government and the central bank in Australia is one based on constructive dialogue.
This is reflected in the agreement regarding the inflation target that I spoke of earlier and the frequent discussions on issues of mutual interest. The government also supports a high level of transparency by the RBA, including through publications and speeches and public appearances before parliamentary oversight committees.