The Reserve Bank has announced it will throw open its doors to a panel of private sector economists twice a year in a bid to increase transparency.
Comprised of about a dozen rotating members and chaired by RBA governor Philip Lowe, the new panel will complement an existing arrangement the bank has in place for academics.
“This is an opportunity for us to hear and discuss the views of other economists in a more structured way than has been done to date,” Dr Lowe said.The RBA has faced growing criticism about a lack of transparency and perceived poor communication lately, and the new measures follow a
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