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ABC News
ABC News
Business
business reporter Gareth Hutchens

Does everyone welcome the Reserve Bank overhaul?

Philip Lowe says the recommended changes to the RBA will hopefully improve its performance. (AAP/Pool: James Brickwood)

The push to overhaul the Reserve Bank of Australia (RBA) could be a "watershed moment" in Australian economic policy, some economists say.

The Australian Council of Social Service (ACOSS) and unions have also welcomed the thrust of the recommendations to overhaul the RBA.

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