Economists have endorsed former bank boss Marnie Baker and academic Renée Fry-McKibbin to shape interest rate decisions by the Reserve Bank of Australia, dismissing Opposition claims that Treasurer Jim Chalmers was stacking the central bank’s monetary policy board before the election.
Two existing RBA board members, Telstra director Elana Rubin and businesswoman Carol Schwartz, will shift to a new separate governance board that will oversee the internal operations of the central bank but not set interest rates.
Loading...
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
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
