What does the Reserve Bank of Australia review mean, and how will it affect interest rates and mortgage payments?
A scathing review of the Reserve Bank of Australia is set to deliver a shake-up of the central bank not seen in a generation.
The review made 51 recommendations about how the central bank should function to better target inflation and employment, and be more transparent with the Australian people about the decisions it makes that affect them.
If you haven't read the 294-page report — or are confused about the economic jargon — here's what the review says, what it means for interest rates, your mortgage and for RBA governor Philip Lowe.
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