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The Guardian - AU
The Guardian - AU
National
Amy Remeikis

Greens-Coalition alliance may force Chalmers to keep power to overrule RBA on rates

Greens RBA Coalition Jim Chalmers Reserve Bank
The treasurer, Jim Chalmers, introduced legislation to reform the reserve bank after an independent review.
The treasurer, Jim Chalmers, introduced legislation to reform the Reserve Bank after an independent review. Photograph: Mike Bowers/The Guardian

An alliance between the Greens and Liberal parties in the Senate could force Jim Chalmers to keep a government power that allows treasurers to overrule Reserve Bank decisions on interest rates.

Chalmers announced plans to scrap the veto power in the government response to recommendations from a panel which reviewed the Reserve Bank operations and made suggestions for improvement.

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