FINANCE

     

 
    Oliver’s insights – RBA review   it’s not clear the proposed reforms will lead to a better outcome for the Australian economy   Key points    – The independent Review of the RBA has recommended a significant change in the way the RBA doe

The unveiling of the independent Review of the RBA – “An RBA fit the future” – has received much attention with talk of a radical overhaul of the RBA. However, there is a real risk in grossly exaggerating the problem and undertaking a big change at the RBA with unclear benefits. In particularly there is a danger in assuming the approach employed by some foreign central banks must be better than our own.