Bullock backs Chalmers in RBA stoush with Coalition

Original article by Michael Read
The Australian Financial Review – Page: 4 : 20-Mar-24

Treasurer Jim Chalmers wants the Coalition’s support for legislation to overhaul the Reserve Bank of Australia, as he does not want to negotiate with the Greens. The Coalition is concerned that Chalmers wants the RBA existing board members to be appointed to its new governance board so he can "stack" the interest rates-setting board with people who are aligned with Labor. RBA governor Michelle Bullock says she would like "continuity with respect to both boards", but adds that she has no firm views on just how many current board members should serve on each of the new boards.

CORPORATES
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

Leave a comment