RBA´s Lowe: RBA review will assist the central bank in dealing with a complex world – by fx_ross RBA AUDUSD Currencies
He states that the RBA review will assist the central bank in dealing with a complex world and that the RBA board will think about meeting frequency and communication.
´´Treasurer Jim Chalmers has indicated in-principle agreement to all 51 of the recommendations made by the review which he set up last July with an eye to making the RBA "fit for the future".The review recommended the RBA's current single board be split into one for monetary policy and one for governance with an external chair that would oversee operations such as human resources, finance, risk management, and technology.
´´Members should be expected to discuss the Board's decisions in public from time to time, and statements released after policy meetings should be agreed by them and published in their name, the review said. The review said the RBA should better explain its policy choices through regular press conferences and increase the amount of information available about deliberations, strategy, and its forecasts.
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