Breaking down the bank’s “hierarchical” structure and introducing more contestability and debate.
Dr Chalmers said he had discussed the review’s findings with Dr Lowe, who travelled to Washington with the treasurer for international economic meetings last week.“Before long I want to have a discussion with the opposition and ideally the crossbench about the contents of that report, as well.” Mr Taylor said the opposition was prepared to be bipartisan and not politicise the independent central bank, “as long as what is being proposed by Labor is sensible, will strengthen the bank and deal with the errors of the past”, Mr Taylor said on Monday.
the big problem was covid was not the end of the world.........
So a review done by 3 learned people and handed to a politician who has a degree in political science is going to make changes to the Reserve Bank. My alarm bells are ringing hard and loud. Chalmers knows nothing about finance and macro economics. RBA is clearly not independent
After that photoshoot with Yellen it looks like they're going to install a channel for external influence...
Anything to keep property prices pumping.
So if Chalmers says shake up then RBA isn't independent. Another scam.
Anything done by labor will be disaster
Ah yes, goodbye AUD.
Good to hear. Governor Lowe and a complicit or intimidated Reserve Bank Board have made mistakes.
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Source: FinancialReview - 🏆 2. / 90 Read more »