Funding agreements for the Reserve Bank

Release date
Vol. 68. No. 3. September 2005
Mike Wolyncewicz
Main file
This article discusses the policy rationale underpinning Funding Agreements which provide a basis for financing the Reserve Bank's operating expenditure for a five-year period. The article explains the various checks and balances in the funding framework. It then goes on to describe the process by which a Funding Agreement is developed, and provides a brief overview of the profile of the Bank's operating expenditure since 1990.