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Australian Community Media
  • 11/28/2023
Treasurer Jim Chalmers is set to axe his power to override the RBA’s decisions, effectively relinquishing government control over monetary policy.

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News
Transcript
00:00 [Music plays]
00:13 Our key tool, the interest rate, is as we say, it's a blunt one.
00:18 So the board must therefore set its policy to serve the welfare of Australians collectively.
00:24 [Music plays]
00:34 My goal here throughout is a world class central bank which is more effective,
00:40 more transparent and more independent.
00:43 [Music plays]

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