Melinda Cilento Joins RBA Monetary Policy Board Amid Harper's Departure

Melinda Cilento has been appointed to the Reserve Bank of Australia's Monetary Policy Board by the Federal government for a five-year term, effective from 1 September. She will serve on a part-time basis.

Cilento has held several senior economic policy and leadership roles, including as CEO of the Committee for Economic Development of Australia, commissioner at the Productivity Commission, and chief economist and deputy chief executive of the Business Council of Australia.

The government also announced that Ian Harper will step down from the Monetary Policy Board, having previously served as a member of the Reserve Bank board.