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The New Daily
The New Daily
Business
Matthew Elmas

The Reserve Bank will face a major review. Here’s what that means

Reserve Bank RBA Inflation Jim Chalmers Australia Philip Lowe Saul Eslake Interest Rates
Treasurer Jim Chalmers has announced the first review of the Reserve Bank in more than 30 years. Photo: TND

Australia’s inflation target and why the Reserve Bank has consistently failed to achieve it will be investigated in the biggest review of the central bank in more than 30 years.

Unveiling the review on Wednesday, Treasurer Jim Chalmers said a panel of experts will report back on whether the bank is doing right by households as interest rates rise and prices soar at the fastest pace in decades.

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