Treasurer Jim Chalmers could turn to the Greens in a shock bid to pass his proposed reforms of the Reserve Bank after the Coalition ruled out supporting the changes.
The Coalition 's failure to back Treasurer Jim Chalmers ' proposed RBA reforms could hand the Greens a shock chance to help determine the future of Australia's interest rate-setting body.
Negotiations over the reforms, which were originally meant to be in place by July 1, have been largely stalled for months, with the Coalition raising concerns that Mr Chalmers could use the changes as an opportunity to stack the RBA with politically friendly appointments. Picture: Bai Xuefei/Xinhua via Getty Images
Mr Taylor on Monday said the opposition would not support Mr Chalmers' plan, citing recent comments the RBA was"smashing the economy" as part of his reason for rejecting the proposal. Picture: NewsWire/Nikki Short Pressed by journalists on what the Albanese government's next move would be, Mr Chalmers maintained his preference remained a bipartisan agreement, but failed to rule out approaching the Greens if the opposition still refused to negotiate.
RBA Inflation Angus Taylor Albanese Government Jim Chalmers Coalition Labor Greens Interest Rates
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