Does everyone welcome the Reserve Bank overhaul?

 The push to overhaul the Reserve Bank of Australia (RBA) could be a "watershed moment" in Australian economic policy, some economists say.

The Australian Council of Social Service (ACOSS) and unions have also welcomed the thrust of the recommendations to overhaul the RBA.

But some economists have expressed disquiet about elements of the coming changes, saying they will not all necessarily improve monetary policy-making in Australia.

Meanwhile, Treasurer Jim Chalmers has agreed in principle with all of the RBA review's 51 recommendations, and said he will try to make the necessary legislative changes by July 2024.

Read More: https://www.abc.net.au/news/2023-04-21/rba-review-reaction-to-recommendations-economists/102246710