A 282-page review into the Reserve Bank of Australia has slammed the board members for lacking expertise, following 10 consecutive interest rate rises despite a promise of no increases until 2024.
The RBA will be remade into an institution that more closely resembles other advanced economy central banks in a sweeping overhaul unveiled on Thursday.
SA (South Australia) « JoNova joannenova.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from joannenova.com.au Daily Mail and Mail on Sunday newspapers.
Treasurer Jim Chalmers’ ambition to “renovate” the Reserve Bank has received a boost, with Angus Taylor open to appointing full-time central bankers to focus on inflation as in the US and UK.