Opinion
We will all pay the price for RBA board reform failure
More expertise on the central bank’s board could help avoid an unfortunate repeat of Philip Lowe’s pandemic-era guidance that interest rates were not expected to rise until 2024.
John KehoeEconomics editorIt’s a shame that the proposed dual board structure for the Reserve Bank of Australia has fallen victim to the pre-election politicking over inflation and interest rates.
A specialist monetary policy board with expertise in economics and financial markets could enhance crucial decisions on interest rates and other emergency measures, particularly during future crises when big calls need to be made in the national interest.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles