RBA board faces overhaul
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.
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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 Bank's 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.