Treasurer Jim Chalmers has discussed with the independent review of the Reserve Bank of Australia how the bank can improve publicly explaining interest rate decisions, a move that could open the door for regular press conferences.
Dr Chalmers revealed the direction of the review after being questioned on national television about The Australian Financial Review’s report that governor Philip Lowe spoke to interest rate traders at the country’s major banks at a private event hosted by Barrenjoey on Thursday.
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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
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
