A person with long experience in the financial services sector, Marnie Baker, and a distinguished academic economist, Renée Fry-McKibbin, have been appointed to serve on the Reserve Bank’s new monetary policy board:
Treasurer Jim Chalmers on Monday also announced four new faces for the bank’s new governance board.
Under reforms passed just before parliament rose for the year, the bank’s new structure will have two boards rather than the existing one. The change follows an extensive inquiry into the bank, and Chalmers says the new structure will represent “international best practice”.
