Business and Finance
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Business and Finance
Source : (remove) : Sydney Morning Herald
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Mon, December 16, 2024
[ Mon, Dec 16th 2024 ]: Sydney Morning Herald
Meet the people setting your interest rates
Sun, December 15, 2024
[ Sun, Dec 15th 2024 ]: Sydney Morning Herald
Rates in the gun in the biggest shake-up at Reserve Bank in 64 years
Thu, December 12, 2024
[ Thu, Dec 12th 2024 ]: Sydney Morning Herald
ASX set to rise as Wall Street gets inflation bump
Sun, December 8, 2024
[ Sun, Dec 08th 2024 ]: Sydney Morning Herald
This big bank plans to kill the password by 2030
Sat, December 7, 2024
[ Sat, Dec 07th 2024 ]: Sydney Morning Herald
The one player fuelling the $148b bank bonanza

Meet the people setting your interest rates


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  Treasurer Jim Chalmers' overhaul of the Reserve Bank board is complete, with six people appointed to help run the bank and set interest rates.

The article from The Sydney Morning Herald discusses a significant overhaul of the Reserve Bank of Australia (RBA), marking the most substantial changes in its 64-year history. Treasurer Jim Chalmers has announced a comprehensive review of the RBA's operations, focusing on its monetary policy framework, governance, and decision-making processes. Key points include the potential for more frequent interest rate adjustments, a shift towards a more transparent and accountable decision-making process, and the introduction of a dual mandate to balance inflation control with employment objectives. The review, led by an independent panel, aims to modernize the RBA to better navigate contemporary economic challenges, including low inflation, wage stagnation, and global economic uncertainties. This shake-up is seen as a response to criticisms regarding the RBA's past performance and its ability to adapt to a rapidly changing economic landscape.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/politics/federal/rates-in-the-gun-in-the-biggest-shake-up-at-reserve-bank-in-64-years-20241216-p5kyls.html ]

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