Banker kings move to control RBA and Treasury

Via the AFR:

Shayne Elliott, the chief executive of one of the country’s biggest banks, has called on federal Treasurer Josh Frydenberg to convene a summit to discuss the broader economic implications of zero per cent interest rates and quantitative easing.

Mr Elliott, who is the CEO of ANZ Banking Group and chairman of the Australian Bankers Association, said the summit would be an opportunity to gather in one room representatives from the Treasury, the Reserve Bank of Australia, the main regulators, the big four banks, the regional banks and others to discuss issues surrounding the move in Australia toward zero per cent interest rates.

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