Why the Reserve Bank of Australia should be reviewed

Why the Reserve Bank of Australia should be reviewed

Most Australians wouldn’t have given too much thought to the Reserve Bank of Australia. Apart from when it changes official interest rates following its monthly meetings, the role and importance of the RBA, and its governor Phil Lowe, is little understood or even acknowledged. But the Reserve Bank is now facing rare criticisms by leading economists for not having met its core targets for nearly a decade. And this week, international think tank the OECD has called for a review of the RBA. A call since endorsed by Treasurer Josh Frydenberg, who said he’d consider a review after the next election. And with the Federal ALP previously calling for an independent review of the Reserve Bank in April, it’s increasingly likely the RBA will next year face its first independent review in 40 years. Watch Brendan Coates, Economic Policy Program Director, discuss the role of the RBA and whether it should be reviewed with Kat Clay, Head of Digital Communication. For more information, visit: https://grattan.edu.au/

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Episoder(326)

Democracy: How to decouple money from power

Democracy: How to decouple money from power

Political parties spent almost half a billion dollars in the year leading up to the 2025 federal election. Big-money campaigns mean politicians spend more time chasing donations, and risk giving maj...

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Housing: Axe car-parking rules to ease the housing crisis

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Every night, thousands of car spaces across Australia’s cities sit empty. This is the result of state and local governments requiring new housing projects to include off-street parking at rates much ...

11 Aug 25min

Disability: Getting better jobs and fairer wages for disabled workers

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Paid work can be a pathway to independence, purpose, and connection — but Australians with disability are far less likely to be employed than everyone else, especially those with high support needs. M...

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Health: How Australians could get a better deal at the pharmacy

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14 Jul 28min

Disability: What’s happening with the NDIS?

Disability: What’s happening with the NDIS?

The NDIS is one of the central fiscal bets of the federal budget. In this podcast, our disability experts discuss what the government's proposed reforms will really cost — and what needs to change. I...

25 Jun 30min

Energy: Part 2 – Managing the decline of gas in Australia

Energy: Part 2 – Managing the decline of gas in Australia

The Grattan energy team is back with a new podcast on their latest report, Out of gas: Managing the decline of gas in Australia. In this episode, our energy experts dig into the detail of their longes...

16 Jun 44min

Energy: Managing the decline of gas in Australia

Energy: Managing the decline of gas in Australia

Managing the decline of gas in Australia is a multi-decade challenge. In this podcast, our energy experts detail the the tough decisions Australia has to make. In this podcast, Grattan Associate Moll...

3 Jun 30min

Budget 2026: The Grattan Verdict

Budget 2026: The Grattan Verdict

On Tuesday, 12th of May, Federal Treasurer Jim Chalmers handed down his fifth budget under the Albanese government. What did Grattan's experts make of this year's Budget, and what was left on the cutt...

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