I have been critical of the Reserve Bank Governor for not yet having given an on-the-record speech about either of his main functions, monetary policy or financial regulation/supervision. Next week marks a year since he took up the job, and 1 April is the day he loses exclusive control of monetary policy to the new MPC, which he will nonetheless chair (and effectively control).
But this invitation just turned up. It seems to be an open invitation, so anyone interested should feel free to sign up. I’ll certainly be there and will no doubt write about what he has to say.
It is also commendable that the invitation indicates that the Bank will be releasing video of the Governor’s speech (and any Q&A?) This is a well overdue step forward – especially as this Governor is quite open about freely departing substantially from his written texts – and, if adopted consistently, will bring the Bank into line with how things have long been done at the Reserve Bank of Australia.
Presumably, by next Friday the Minister of Finance will finally have announced the other members of the new Monetary Policy Committee.