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Flat White

Not just the RBA, Chalmers at odds with the ABS

10 August 2024

1:22 AM

10 August 2024

1:22 AM

My guess is that Treasurer Jim Chalmers is wondering if he’s kicked an own goal by pushing through structural changes to the Reserve Bank of Australia (RBA), including initiatives to improve transparency.

Now the RBA Governor gives a media conference after each board meeting to explain interest rate decisions. Prior to the review, these were rare events because maintaining calm financial markets required deliberate and controlled communications.

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