RBA’s new monetary policy board needs to prove its worth

By James GlynnAfter a lengthy and highly critical external review of the Reserve Bank of Australia, Australian Treasurer Jim Chalmers has announced the lineup for the country’s new and powerful monetary policy board.However, instead of delivering the bold transformation and modernisation needed to propel the central bank into the future, Chalmers offered a set of changes that fizzled, disappointing those expecting significant reform.“It’s a little beige,” one central bank watcher said.From March, the Reserve Bank of Aust...