Treasurer Jim Chalmers seeks RBA reform amid Coalition withdrawal, considering negotiations with the Greens for veto power and direct lending.

Treasurer Jim Chalmers is seeking to reform the Reserve Bank of Australia (RBA) after the Coalition withdrew support, fearing potential "stacking" of a new board with Labor appointees. Chalmers may negotiate with the Greens, who demand the retention of the government's veto power on interest rate decisions and the ability to direct lending. The proposed reforms follow an independent review advocating a dual-board structure to enhance the RBA's independence and effectiveness.

September 09, 2024
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