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MNI BRIEF: Australian Government Announces RBA Review

MNI (Sydney)
SYDNEY (MNI)

The new Australian Labor government on Wednesday has announced an independent review of the Reserve Bank of Australia, the first since 1990.

Treasurer Jim Chalmers announced a three member panel to examine monetary policy frameworks, including whether the current 2% to 3% inflation target is appropriate. The panel comprises an external member of the Bank of England's financial policy committee, Professor Carolyn Wilkins, macroeconomist Professor Renee Fry-McKibbin and the secretary for public sector reform Gordon de Brouwer.

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The new Australian Labor government on Wednesday has announced an independent review of the Reserve Bank of Australia, the first since 1990.

Treasurer Jim Chalmers announced a three member panel to examine monetary policy frameworks, including whether the current 2% to 3% inflation target is appropriate. The panel comprises an external member of the Bank of England's financial policy committee, Professor Carolyn Wilkins, macroeconomist Professor Renee Fry-McKibbin and the secretary for public sector reform Gordon de Brouwer.

Keep reading...Show less