More on the failed changes at the Reserve Bank of Australia

Here are some news headlines on this topic from earlier:

• Proposed changes to RBA board fail

In addition to some details, quoted from Reuters news agency:

• The reforms, recommended by an independent review last year, included the creation of a separate governance board to complement the existing monetary policy board.
• The nine-member interest rate-setting committee will include six outsiders, and the opposition has said the ruling Labor Party could use them to include certain people friendly to the current government.
• Australian Treasurer Chalmers has also proposed amending a proposal to remove the government’s veto over the Reserve Bank of Australia’s interest rate decisions, a proposal opposed by the opposition and the Greens.

Reserve Bank of Australia Governor Bullock

This article was written by Eamonn Sheridan on www.forexlive.com.