Treasurer Jim Chalmers is seeking to use a review of the RBA to build back consumer confidence after interest rate hikes years earlier than predicted.
Dr Chalmers on Wednesday announced a review of the Reserve Bank's monetary policy and make-up of its board for the first in more than three decades.
"We want to build confidence in the Reserve Bank, and you build confidence in an institution by being prepared to refine it and reform it," he told reporters in Canberra.
