The RBA is inline for its biggest overhaul in three decades
• On Thursday, Treasurer Jim Chalmers announced his support for the 51 recommendations put forward in the RBA.
• The centre of the changes in the review includes splitting the RBA’s current board in two – one for overseeing governance and one for overseeing monetary policy.
• The monetary board will compromise nine members, including 6 externally appointed economic specialists. This decision was a result of the review finding there needs to be “a health counterbalance to the influence of internal members”.
