Reserve Bank governor Philip Lowe announces big changes to RBA board, including fewer board meetings a year, and press conferences after every meeting.
Reserve Bank governor Philip Lowe announces big changes to RBA board, including fewer board meetings a year, and press conferences after every meeting.
I would certainly hope that absolutely no consideration is given to the comfort and ease of the job for the next chair. It would be terrible to raise on that basis.
The only consideration should be whether a rise is to the benefit of the economy, or stability of the currency, with inflation, employment and growth as consideration only, as is their mandate.
… then it’s either the first thing the next governor has to do, or the last thing Lowe can do since he’s already the scapegoat.
It seems like a number of the RBA’s upcoming changes make clearer that it’s a board decision, and not one person.