The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed

The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.

A man walks past the Reserve Bank of Australia in the central business district of Sydney on June 7, 2022. - Australia's central bank raised interest rates by a higher-than-expected half percentage point on June 7 and warned of more increases, trying to rein in "significantly" increased inflation. (Photo by Muhammad FAROOQ / AFP) Photo by MUHAMMAD FAROOQ/AFP via Getty Images

Australian Treasurer Jim Chalmers has revealed multiple new faces on the Reserve Bank of Australia (RBA) board amid a major shakeup ahead of the election.

The new board members will commence their roles in March, leaving the door open for a decision on interest rates prior to the next federal election.