Page 17 - Mark Barnaba News Today

Reserve Bank Governors Philip Lowes base salary alone of $890,252 could buy a house in Brisbane. The make-up of his $1,037,709 remuneration has been revealed with more rate rises expected.

Pandemic exposes over-reliance on overseas revenues, especially from China

Philip Lowe says disclosing how RBA board members vote could expose them to lobbying on interest rates and make it harder to act in the national interest.

A review into the Reserve Bank has suggested global supply chain shocks in future years will make it hard to control inflation and lead to higher interest rates.

Fortescue Metals Group Limited (ASX: FMG)'s Twiggy has signed up as the junior miner's largest shareholder ahead of its planned ASX listing.

The RBA board may need a shake up to introduce more economists and fewer business people to set interest rates, an independent review of the central bank has suggested.

Three of Australia’s most highly credentialled mining industry leaders have agreed to join the company’s board.

For years, the vocational education and training sector has been underfunded and under-loved and seen as the poor cousin of universities. That’s about to change.

Peter Tulip, who was the Reserve Banks senior research manager, said the board, with business leaders, lacked the gravitas to challenge Governor Philip Lowe on flawed decisions.

Reserve Bank governor Philip Lowe who earns $1,076,029 is far from the only millionaire making interest rate decisions. The RBA board includes a chief executive who was paid $2,178,652 a year.