Friday , 24 January 2025
Home Forex More on the failed changes at the Reserve Bank of Australia
Forex

More on the failed changes at the Reserve Bank of Australia

Headlines on this are here from earlier:

Adding a little more detail, this via Reuters reporting:

  • The reforms, which were recommended by an independent review
    last year, included setting up a separate governance board to
    complement the current monetary policy board.
  • The nine-member rate-setting board would still have six
    outside members, which the opposition said could be used by the
    ruling Labor Party to include appointees friendly towards the
    current government.
  • Australian Treasurer Chalmers also offered to amend a proposal to remove the
    government’s veto power over the RBA’s rate decisions that was
    opposed by the opposition and the Greens party.

Reserve Bank of Australia Governor Bullock

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Japan’s largest trade union says very important to secure wage rises

The president of Japan's largest trade union Rengo says its very important...

More on Trump saying he would rather not use tariffs against China

Trump spoke in an interview with Fox, referring to his phone conversation...

GBP/USD rises to near 1.2400 as Trump asks Fed for rate cuts

GBP/USD extends its gains for the second successive day, trading around 1.2400...

Australian Dollar strengthens following Trump’s optimism on China

The Australian Dollar (AUD) continues its upward momentum against the US Dollar...