Reserve Bank of Australia Monetary Policy Board Appointment

RBA Media Releases

Published February 13th, 2026

Detected March 13th, 2026

Summary

The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to its Monetary Policy Board. This notice also acknowledges the contributions of Alison Watkins, whose term concludes on February 28, 2026.

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What changed

The Reserve Bank of Australia (RBA) has issued a media release announcing the appointment of Professor Bruce Preston to its Monetary Policy Board, effective February 13, 2026. The appointment is made by the Treasurer and aims to leverage Professor Preston's expertise in economics and monetary policymaking. The release also formally thanks Alison Watkins for her service on the Board, noting her term ends on February 28, 2026.

This is an informational notice regarding a personnel change within a key economic policy-making body. There are no immediate compliance actions required for regulated entities. Compliance officers should note this change as it pertains to the RBA's leadership and policy-making structure.

Source document (simplified)

Media Release Appointment to the Monetary Policy Board

Number 2026-04 Date

13 February 2026

The Reserve Bank of Australia welcomes the announcement by the Treasurer appointing
Professor Bruce Preston to the Monetary Policy Board.

Professor Preston brings a deep understanding of economics and monetary policymaking. His
distinguished academic career and experience in public policy will assist him to make a
significant contribution to the Board’s deliberations.

Governor Michele Bullock extends her sincere gratitude to Alison Watkins, whose term
ends on 28 February, for her invaluable contributions during her time on the Monetary
Policy Board and previously on the Reserve Bank Board. Ms Watkins brought thoughtful
judgement and a deep appreciation of the challenges facing households, businesses and
the broader economy. The Governor thanks Ms Watkins for her dedication and contribution,
which have strengthened the work of the RBA through a period of significant change.