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Treasurer Josh Frydenberg has committed the Coalition to conducting a broad-ranging independent review of the Reserve Bank of Australia (RBA) if it retains power at the upcoming federal election.
Shadow treasurer Jim Chalmers has committed Labor to a similar review if it wins office.
The RBA’s 2% to 3% inflation target is likely to be a central focus of any review, along with its communication strategy and the makeup of its board:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.