ABC News (Australia) published this video item, entitled “Reserve Bank set for one of its biggest shake-ups in history | ABC News” – below is their description.
After copping significant criticism for racheting up interest rates ten times during a cost of living crisis, the Reserve Bank of Australia is set for one of the biggest shake-ups in its history.
The board will be split in two, hold fewer meetings and listen to more experts. And could even farewell its current governor.
So what impact will these changes have on the Australian economy, and will Philip Lowe continue to lead the RBA?
Matthew Doran reports, with analysis from David Speers.
ABC News (Australia) YouTube Channel
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