Original article by Ewin Hannan
The Australian – Page: 4 : 21-Apr-23

The federal government has appointed Iain Ross and Elana Rubin to the Reserve Bank’s existing board, ahead of the restructuring that will take effect by mid-2024. Ross is a former president of the Fair Work Commission, and Rubin has extensive experience as a company director. They have both been praised by former ACTU secretary Bill Kelty, who worked with them at the peak union body in the 1990s. Kelty says Ross and Rubin have significant knowledge of the labour market and they understand how the economy works. He adds that the RBA’s current board has made two "fundamental mistakes" – the decision to leave interest rates at an historic low for too long and telling people that rates would remain on hold until 2024.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. FAIR WORK COMMISSION, ACTU