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Michelle Grattan, Professorial Fellow, University of Canberra

Reserve Bank to have two boards after overhaul by inquiry

Reserve Bank Jim Chalmers Philip Lowe Angus Taylor RBA
Shutterstock

The long-awaited independent review of the Reserve Bank commissioned by Treasurer Jim Chalmers will be released on Thursday, with the treasurer already flagging in-principle agreement with all its recommendations.

These include separating decisions about monetary policy from other decisions by establishing a separate Monetary Policy Board and Governance Board, with the aim of making both decision-making and governance arrangements as effective as possible.

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