GENERAL NEWS
THE Reserve Bank of Australia board will no longer set interest rates, with federal Treasurer Jim Chalmers agreeing in principal all...
The RBA’s focus would be shifted from its monthly interest rate setting towards the operation of the bank itself...
It would bring to an end a system that was first put forward during the Great Depression, and bring the RBA in line with...
The independent review followed reports by The Sydney Morning Herald and The Age that showed concerns about...
The review was set up by Chalmers in the middle of last year and conducted by Carolyn Wilkins, who sits on the...
“This review, its recommendations and our response is all about ensuring that the Reserve Bank is as strong and effective as it can be...
Shadow Treasurer Angus Taylor has had briefings with the review panel and received the report earlier this week...
“It is essential the review’s recommendations are agreeable for both major parties. This will ensure certainty around the...
Changes to the RBA’s operating legislation – and thus a bipartisan approach – would be required if there is a...
In a statement, Lowe said, “The review recommends the establishment of separate boards for monetary policy and governance of...
“This change can help strengthen both the operation of monetary policy and the way the bank is governed.”