The Reserve Bank could be facing legislative changes under a review, due to be handed to Treasurer Jim Chalmers on Friday.
Legislative changes could be coming to RBA: Treasurer
The Reserve Bank could be facing a legislative shake up following its first review in decades, with Treasurer Jim Chalmers vowing to build up its “respect and reputation”.
The review of the central bank will be handed to Dr Chalmers on Friday, who intends to publicly release the findings next month.
He said the government wanted to build up its “respect and reputation” over a long period of time, flagging possible changes.
“The Reserve Bank has been held in high esteem particularly globally,” he told ABC radio on Thursday.