RBA review calls for major policy and governance changes
Australian government welcomes call for new rate-setting body and clearer mandate
The Australian government said it agreed with an independent panel’s recommendations to significantly change the central bank’s governance and monetary policy framework.
The Reserve Bank of Australia should have a clearer monetary policy framework, the expert panel stressed in a 294-page report, published today (April 20). The panel, which concluded its review in March, consisted of Carolyn Wilkins, former senior deputy governor at the Bank of Canada, economist Renée Fry‑McKibbin, and senior
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