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The Guardian - AU
The Guardian - AU
National
Peter Hannam

A singular focus on interest rates, fresher board, fewer meetings – but what else could change at the RBA?

A general view of the Reserve Bank of Australia headquarters in Sydney
The Reserve Bank review and its 51 recommendations aim to help the RBA identify challenges sooner and be more nimble in dealing with them. Photograph: Flavio Brancaleone/AAP

The most far-reaching overhaul of the Reserve Bank of Australia in decades will send a culture shock pulsing through the central bank, but its impact on interest rates for average borrowers and depositors alike will probably be marginal at best.

Because that’s not really the point, analysts say.

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