Ex-governor issues stern warnings about planned RBA revamp
Debate over proposed modifications to board construction escalates
The RBA at evening
Former governor Ian Macfarlane has hit out at deliberate modifications to the Reserve Financial institution of Australia’s (RBA) board construction, saying it could pose “big dangers” to the establishment.
Australian treasurer Jim Chalmers commissioned an unbiased skilled panel to conduct a wide-ranging overview of the RBA in July final yr. The panel proposed main modifications to the RBA’s governance and financial coverage framework in April, together with the appointment of six part-time members to a brand new financial coverage board (MPB).
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