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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Philip Lowe welcomes RBA review but says description of board ‘far from the reality’

RBA Governor Philip Lowe speaks to media during a press conference in Sydney
RBA governor Philip Lowe defended the central bank’s board following a review, saying members work ‘very diligently and have expertise’. Photograph: James Brickwood/AAP

The Reserve Bank governor, Philip Lowe, has rejected comments by the review panel about the workings of his board, saying the description provided in the final report “didn’t really resonate with me”.

While describing the overall review’s finding as “kind of excellent”, Lowe told a media conference on Thursday that the panel had not sat in the boardroom, and their description of the manner of the board discussions about interest rates was inaccurate.

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