The federal opposition has torpedoed Treasurer Jim Chalmers’ attempt to get a bipartisan deal to install a specialist monetary policy board in the Reserve Bank, claiming the reform would enable the treasurer to “stack” the new board.
Chalmers said shadow treasurer Angus Taylor had been “rolled again” by his colleagues.
Negotiations for an agreement have been underway for months. Chalmers recently said agreement was close and he hoped to have the new structure operation at the start of next year.
