RBA Review Will Require Changes to Legislation, Treasurer Says
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Australian Treasurer Jim Chalmers said an independent review of the Reserve Bank has made some recommendations that will require changes to the institution’s operating legislation, while adding that he expects to release the report in the next week or so.
“What you’ll see when you see the 51 specific recommendations, and you read through the rationale for it, is that there’s a role for government, there’s a role for the Reserve Bank and its board, there’s a role for legislation,” Chalmers told reporters on Monday.