The Coalition’s fears that a Labor treasurer would stack the new Reserve Bank board with political appointees have not been borne out. The crucial independence and credibility of the central bank have been preserved.
Jim Chalmers’ appointments to the Reserve Bank’s new monetary policy board have upskilled and diversified the talents and experience of the people who will have a say in setting interest rates from April next year. The Coalition’s fears that a Labor treasurer would stack the new board with political appointees have not been borne out. The crucial independence and credibility of the central bank have been preserved.
Partisan appointments would have compromised the new board and tainted any decision to deliver pre-election rate relief. Glen Le Lievre
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