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

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