Critics of treasurer Jim Chalmers’ proposed reforms say the Reserve Bank is independent enough
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Treasurer Jim Chalmers faces an uphill battle to get his Reserve Bank reforms through the parliament – with former treasurers, RBA governors and senior economists criticising key aspects of his legislation.
Chalmers accepted all the recommendations of last year’s RBA review board, including removing the government’s reserve powers to intervene and overrule the central bank if judged necessary, and appoint a second ‘governance’ board of economic academics.
Continue reading…Critics of treasurer Jim Chalmers’ proposed reforms say the Reserve Bank is independent enoughFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastTreasurer Jim Chalmers faces an uphill battle to get his Reserve Bank reforms through the parliament – with former treasurers, RBA governors and senior economists criticising key aspects of his legislation.Chalmers accepted all the recommendations of last year’s RBA review board, including removing the government’s reserve powers to intervene and overrule the central bank if judged necessary, and appoint a second ‘governance’ board of economic academics.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…