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RBA: Senate Passes RBA Overhaul, As Expected

RBA

"*AUSTRALIA SENATE PASSES BILL TO OVERHAUL RESERVE BANK BOARD" - bbg

This is as expected - and is part of Albanese's push to finalize legislation in the final 24 hour window of the Senate of 2024 - the reforms would split the RBA board in half, an MPC board, and an operations-based board - but this is a formalization of the changes recommended in the recent policy review, rather than new news here.

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"*AUSTRALIA SENATE PASSES BILL TO OVERHAUL RESERVE BANK BOARD" - bbg

This is as expected - and is part of Albanese's push to finalize legislation in the final 24 hour window of the Senate of 2024 - the reforms would split the RBA board in half, an MPC board, and an operations-based board - but this is a formalization of the changes recommended in the recent policy review, rather than new news here.

Keep reading...Show less