Philip Lowe on Wednesday gave a highly professional and dignified response to what on the whole has been the unedifying process around the independent review of the Reserve Bank and the speculation about his own fate as its governor.
The current Reserve Bank board has agreed to put in place, starting from next February, changes to the way the central bank will make and communicate monetary policy decisions, in line with the recommendations of the review. But it has also decided that the call on other proposed changes should be made by the new monetary policy board.
Loading...
The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
