Economists are urging Jim Chalmers to give the Reserve Bank more voting power on the new monetary policy board, warning the central bank may lose control of interest rates to outsiders under the proposed model.
The creation of separate boards for interest rate setting and governance was a signature recommendation of the independent RBA review, released in April.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
