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.
Policy missteps, an angry public and a concerned political class all mean a day of reckoning is coming for the Reserve Bank and its governor, Philip Lowe.
Reserve Bank Governor s Philip Lowe s base salary alone of $890,252 could buy a house in Brisbane. The make-up of his $1,037,709 remuneration has been revealed with more rate rises expected.