The criticisms behind the Reserve Bank review's recommendations for a new board, updated mandate

A board that provided "limited challenge" to the views of the Reserve Bank of Australia's executive — and with a skill set mismatched to the "complex and uncertain economic environment": That was the assessment of the review of the Reserve  Bank of Australia (RBA).

That review's major recommendation — to create a specialist monetary policy board to set interest rates — reflects its criticism of the existing board structure.

"The external members of the Board have been outstanding leaders in their fields," the review diplomatically notes.

Read More: https://www.abc.net.au/news/2023-04-24/reserve-bank-review-criticisms-of-board-change-to-mandate/102252040



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