How can we tell if the Reserve Bank of Australia – which sets the interest rates that shape our national and household budgets – is doing a good job?
That’s partly what the Albanese government set out to test in setting up a review of the bank in 2022.
When that review reported back last year, many people were surprised it devoted so much of its attention to governance and culture, rather than things such as its inflation target, which helps the bank set interest rates.
