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The New Daily
The New Daily
National
The New Daily

Massive overhaul of Reserve Bank to change how rates are set

Reserve Bank RBA the Reserve Bank Reserve Bank of Australia Interest Rates Angus Taylor Jim Chalmers Philip Lowe Australia
RBA governor Philip Lowe is not expected to be reappointed. Photo: AAP/TND

The Reserve Bank of Australia is facing a major overhaul that would change how interest rates are set after a review into its future.

Treasurer Jim Chalmers will on Thursday hand down the report, and the federal government is expected to back its 51 recommendations.

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