Wayne Swan, Australia's treasurer, on Monday suggested that Warwick McKibbin, an external member of the Reserve Bank of Australia's (RBA) rate-setting board, might not be reappointed to the post when his current term comes to an end, according to comments reported in the Australian media.

Swan, who as treasurer is tasked with appointing the six external members of the nine-person board, told broadcaster ABC Radio Brisbane: "We need a degree of continuity on the board on one hand, and [on the