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Business

Poppy Johnston and Tess Ikonomou

Reserve Bank renovation to split responsibility

Reserve Bank Angus Taylor Australia Jim Chalmers RBA Interest Rates

The Labor government is expected to reveal new RBA board members and recommendations of a review. (Dan Himbrechts/AAP PHOTOS) (AAP)

The Reserve Bank is facing a major overhaul with the creation of two separate boards, one responsible for governance and the other to set interest rates.

A full review, to be handed down by Treasurer Jim Chalmers on Thursday, will make 51 specific recommendations to renovate Australia's central bank.

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