Is this a new era for the Reserve Bank?
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For decades the Reserve Bank has done things the same old way: announcing their decision on interest rates the first Tuesday of every month, with just a short statement.
But the RBA’s first decision of the year marked a new era of transparency.
After announcing an interest rate pause this week, governor Michele Bullock hosted a candid press conference where the board’s decision was finally allowed to be questioned.
Today, managing editor of The Saturday Paper, Emily Barrett, on whether the changes to the RBA will make a difference to everyday Australians.
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Guest: Managing Editor for The Saturday Paper, Emily Barrett.
Is this a new era for the Reserve Bank?