Plan to overhaul the RBA including splitting the board in two could be back on the agenda ...Middle East

Plan to overhaul the RBA could be back on the agenda. Australia's government Labor Party and left-wing Greens Party held last-minute talks to revive the stalled legislationBloomberg had the report (Bloomberg is gated). ***Reminder of what this is all about. In 2023, the Reserve Bank of Australia (RBA) underwent a comprehensive review, leading to significant proposed reforms aimed at enhancing its governance and decision-making processes.Key Proposed Changes:Dual Board Structure:Monetary Policy Board: This board will focus exclusively on setting monetary policy, including interest rates. It will comprise members with specialized expertise in economics and monetary policy.Governance Board: Thi

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