Philip Lowe says there is a “strong case” for existing Reserve Bank of Australia board members to remain as interest rate setters to steer inflation back to target, jarring with Treasurer Jim Chalmers’ push for new appointees.
The former governor’s public intervention came as people familiar with the situation privately said there were at least two current board members who were willing to transfer from monetary policymaking to a new RBA governance board under the planned dual-board shake-up.
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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
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
