Page 12 - Mark Barnaba News Today

By James Glynn SYDNEY--A long-awaited review of the Reserve Bank of Australia's operations and culture will recommend the creation of a dual board structure, with one dealing with interest rate decisions, and the other the governance of the centr... | 08:45am

An expected inflation targeting commitment will help secure support for reforms.

The review of the RBA calls for the governor to front a press conference after meetings to publicly explain why the bank has moved interest rates.

The Reserve Bank of Australia board is set to split into two, handing the power to set interest rates to a ...

First full review for decades recommends raft of changes, including splitting the board into two to enable more focus on how interest rates are decided

Treasurer Jim Chalmers is set to release the highly-anticipated review into the Reserve Bank of Australia on Thursday and to announce that the government has given in-principle support to all of its recommended changes. 

Jim Chalmers will impose a sweeping overhaul of the Reserve Bank including creating two RBA boards – one that sets interest rates and one overseeing governance.

These include the establishment of a separate Monetary Policy Board and Governance Board, aimed at making both decision-making and governance arrangements as effective as possible

These include the establishment of a separate Monetary Policy Board and Governance Board, aimed at making both decision-making and governance arrangements as effective as possible

The Reserve Bank is facing a major overhaul with the creation of two separate boards, one responsible for...