51 ways the RBA has to be better

<p>It’s independent of government, has enormous power over our lives and hasn’t been reformed in 25 years.</p><p>But yesterday, the Reserve Bank bowed to a scathing review and even Governor Philip Lowe conceded parts of the RBA had been out of step with modern expectations.</p><p>But will a new board of experts improve the way interest rates are set? Can workers have a seat at the table? And what does it mean for the future of Philip Lowe?</p><p>Today, columnist for The Saturday Paper Paul Bongiorno, on why the government took such bold...