The treasurer has left the door open to a possible change of leadership at the central bank, with a final decision to be made in mid-2023.
Jim Chalmers said the independent review of the Reserve Bank would inform the government's decision to keep governor Philip Lowe in the top job when his seven-year term expires in September.
"Obviously the Reserve Bank review in March will be relevant to those considerations ... not because we've asked for some kind of performance review of the governor, but because we want to learn from best practice and give the RBA the best structures and institutional settings we can," Dr Chalmers said.