Reserve Bank board to only meet eight times a year as part of big changes, says governor Philip Lowe - eviltoast

Reserve Bank governor Philip Lowe announces big changes to RBA board, including fewer board meetings a year, and press conferences after every meeting.

  • Rukt@aussie.zone
    link
    fedilink
    arrow-up
    5
    ·
    1 year ago

    …if they had to do another rate rise in short order

    … then it’s either the first thing the next governor has to do, or the last thing Lowe can do since he’s already the scapegoat.

    It seems like a number of the RBA’s upcoming changes make clearer that it’s a board decision, and not one person.