Australia’s Reserve Bank board will be split between a special panel to handle interest rates and one dealing with currency issuance and other tasks, as recommended by the first formal review of the central bank since the 1990s.
The treasurer, Jim Chalmers, is expected to release the full review report, titled “An RBA fit for the future”, on Thursday. He said he would work “across the parliament and with the RBA” to implement in principle all 51 of the review’s recommendations.
