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By James Glynn SYDNEY--The critical task of shaping the Reserve Bank of Australia's economic forecasts will now fall to economist Sarah Hunter, who has been appointed the central bank's... -December 06, 2023 at 10:57 pm EST - MarketScreener
Appointing an outsider to the RBA’s second most important job will harden its inflation-fighting resolve.
The appointment for the first time of a foreigner to deputy governor reflects Treasurer Jim Chalmers’ desire for an outsider to help overhaul the central bank.
Treasurer Jim Chalmers has made the first ever Reserve Bank appointment from outside the country as part of an effort to fight ‘groupthink’.
The new governor’s plan is to overhaul one of Australia’s most traditional institutions. There are good reasons to make changes but there are big risks as well.