Sky News Business Editor Ross Greenwood says deliberate adjustments to the Reserve Bank could repair the tradition and alter “public debate” concerning the setting of rates of interest.
The Reserve Bank board can be break up in two as a part of a big shake-up in the way in which rates of interest are set in Australia.
“In many ways, the Reserve Bank over a long period of time has been something of a closed shop, almost beyond, if you like, criticism,” Mr Greenwood stated.
Source: www.news.com.au
