RBA's Kent: Central Bank Better Prepared for Next Crisis

Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said the central bank will be better prepared to respond to the next financial crisis, according to a Bloomberg report. The statement came during a review of alternative monetary policy tools.

Kent’s remarks highlight the RBA’s ongoing assessment of unconventional measures that could be deployed in times of severe economic stress. The central bank has been studying tools used during the COVID-19 pandemic and other global crises to refine its response framework.

No specific new policy announcements or timelines were provided, but the comments signal a proactive stance on crisis readiness.