Australian Treasurer Jim Chalmers has announced the first major review of the Reserve Bank of Australia (RBA) since the 1990s and will scrutinise its inflation target arrangements, policy tools, governance, and culture.
“This is an important opportunity to get the ball rolling on the Reserve Bank review that the country desperately needs to make sure that the setting of monetary policy is done most effectively into the future as well,” he told reporters on July 20.
