A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.
The board has nine members: two from the bank, the secretary to the Treasury, an academic and five accomplished businesspeople, two of whom also hold positions with the Centre for Independent Studies.
"They're clever, intelligent people," Dr Tulip said, "but they're not trained in macro-economics or in monetary policy. "Experts get themselves all tangled up in their own kind of groupthink, and we've got plenty of evidence of that," he argued.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robert Herjavec ‘not a big fan’ of the US Federal ReserveShark Tank investor Robert Herjavec has revealed he is “not a big fan” of the US Federal Reserve, claiming they have raised interest rates way too quickly. He said interest rates in Australia are not as high compared to the rest of the world. “I think Sydney, and Australia in general, is one of the most expensive places to live and I think a lot of people are dealing with a lot of consumer debt,” he told Sky News host Sharri Markson.
Read more »
Treasurer quizzed about RBA Governor on US TVThe Treasurer was asked on US television if he is “happy” with the job Reserve Bank Governor Philip Lowe has been doing, given the amount of pressure he’s been under.
Read more »
Non-bank lenders, brokers call for review of mortgage buffersNon-bank lenders that have faced a competitive onslaught from the big banks say mortgage buffers did their job, but now risk doing more harm than good.
Read more »
Three killed, houses set on fire in fresh outbreak of West Bank violenceThe fighting came as Israeli and Palestinian officials met in Jordan to discuss ways of lowering tensions.
Read more »
Reshuffle at Bank of America: Dan Janes to sole head of bankingBank of America country head Joe Fayyad will hand responsibility of its local investment banking team to Dan Janes, as part of a handful of promotions inside the bank.
Read more »