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Central Banks

Australia’s Central Bank Review Panel Considers Board Shake-Up

  • Considering whether votes of RBA members should be disclosed
  • RBA faced criticism for over- and undershooting its CPI target
The RBA headquarters in Sydney.

The RBA headquarters in Sydney.

Photographer: Brendon Thorne/Bloomberg

Australia’s central bank faces a potential overhaul of its interest rate-setting board that may result in more monetary policy experts and fewer business people, an independent review suggested.

The three-person panel is also considering whether the votes of individual Reserve Bank directors should be disclosed or dissenting votes released without divulging names, a 16-page issues paper released Thursday showed.