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AAP

Politics

Poppy Johnston

Reserve Bank dual boards finally get green light

Reserve Bank Greens Labor RBA Steven Markham Monetary Policy

Labor and the Greens have reached a deal that will split RBA responsibilities between two boards. (Steven Markham/AAP PHOTOS)

Australia's central bank will soon have two boards under a deal struck between the federal government and the Greens.

The emergency power to overrule the Reserve Bank of Australia's interest rate decisions will be kept despite an independent probe recommending the federal treasurer's veto right be dumped.

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