Michele Bullock, the new head of the Reserve Bank, has overseen a decision on interest rates for the first time, with the board keeping the cash rate on hold, for this month at least.
But is her approach to monetary policy really any different than her predecessor, Philip Lowe?
Either way, the Reserve Bank board she heads up is set for a major shakeup after a wide-ranging review recommended an overhaul, including changes to the makeup of the board.
In this podcast, ABC finance presenter, Alan Kohler, talks about the RBA’s failings and why a rejig could be just what we need.
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