RBA governor dispels view board ‘does nothing’
Central bank board votes to leave rates on hold, extending period to 21 months with no change
The governor of the Reserve Bank of Australia has come to the defence of the institution’s board, dispelling the idea that when it meets, participants “do nothing”.
“I sometimes read that the board’s job has become very easy: we just meet and do nothing,” Philip Lowe said today (May 1).
This is not the case, the governor argued. “They [the board] will assure you that each month when we meet, we diligently assess the pulse of the Australian economy,” Lowe went on to say.
His remarks were
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