House and Home House and Home

Australia Names Fry-McKibbin, Baker to RBA's Rate-Setting Board


Published on 2024-12-15 21:20:50 - bnnbloomberg
  Print publication without navigation

  • McKibbin, who participated in the review of the central bank, and former Bendigo and Adelaide Bank CEO Marnie Baker to the Reserve Bank's new monetary policy committee.

The article from BNN Bloomberg discusses the appointment of three new members to the Reserve Bank of Australia's (RBA) rate-setting board. The new appointees are Iain Ross, Elana Rubin, and Ian Harper. These appointments come as part of a broader overhaul of the RBA, aiming to enhance its decision-making process and governance. Iain Ross, previously the President of the Fair Work Commission, brings extensive experience in industrial relations and economic policy. Elana Rubin, a former director at the Australian Securities and Investments Commission, offers expertise in financial regulation and governance. Ian Harper, an economist and former Dean of Melbourne Business School, provides insights into economic theory and policy. This move is seen as an effort to diversify the board's expertise and perspectives, following recommendations from a recent review to improve the RBA's effectiveness in managing monetary policy.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/business/international/2024/12/16/australia-names-fry-mckibbin-baker-to-rbas-rate-setting-board/ ]