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AAP
AAP
Politics
Poppy Johnston

Former governors want power to overrule RBA to stay

The Greens' Nick McKim has vowed to move an amendment to keep the treasurer's rates override power. (Mick Tsikas/AAP PHOTOS)

Former Reserve Bank governors, the outgoing Future Fund chairman and prominent economists have joined a growing chorus of voices urging the treasurer to keep powers to override interest rate decisions.

A review of Australia's central bank last year called for the veto mechanism to be ditched to bolster the RBA's independence.

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