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Philip Lowe has undercut Jim Chalmers’ push for new RBA board members, saying the existing directors are best placed to steer inflation back to target.
Liberal MP Garth Hamilton is urging his party to end its opposition to new RBA board appointments, as QLD senator Gerard Rennick questions the need for reform.
Treasurer Jim Chalmers may need to secure the support of the Greens to legislate his overhaul of the RBA after rejecting the Coalition’s push for board continuity.