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MNI BRIEF: New Treasurer Chalmers Meets RBA's Lowe On Review

MNI (Sydney)
SYDNEY (MNI)

Australia’s new treasurer Jim Chalmers has met with Reserve Bank of Australia Governor Philip Lowe and discussed the new government’s proposal for a review of the RBA.

Chalmers’ Labor Party, which was elected with a strong mandate on Saturday, went into the election with a promise to review the RBA’s inflation targeting, and the composition of the central bank’s board. Chalmers has previously suggested the RBA’s inflation target of 2% to 3% could be reviewed.

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Australia’s new treasurer Jim Chalmers has met with Reserve Bank of Australia Governor Philip Lowe and discussed the new government’s proposal for a review of the RBA.

Chalmers’ Labor Party, which was elected with a strong mandate on Saturday, went into the election with a promise to review the RBA’s inflation targeting, and the composition of the central bank’s board. Chalmers has previously suggested the RBA’s inflation target of 2% to 3% could be reviewed.