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AAP
AAP
Business
Jacob Shteyman

The women who could soon influence your mortgage

The government has named two monetary experts to sit on a board that decides interest rates. (Darren England/AAP PHOTOS)

An economics professor and a regional bank chief will have a say on Australians' mortgage rates after the biggest shake-up to the operations of the Reserve Bank of Australia in decades.

Australian National University professor Renee Fry-McKibbin and former Bendigo and Adelaide Bank boss Marnie Baker will make up the RBA's new specialist rate-setting board alongside four continuing board members, Treasurer Jim Chalmers announced.

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