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Treasurer says he will engage with opposition and crossbench on legislative changes around central bank
The central bank and governor, Philip Lowe, need to “change the way that they go about things” including interest rate changes, the treasurer, Jim Chalmers, has said ahead of the release of long-awaited reviews into the Reserve Bank and the welfare rate.
At a Canberra press conference on Monday, Chalmers said this week would see the finalisation of “many, if not most, of the remaining decisions” in the federal budget, which is due to be released on 9 May. The prime minister, Anthony Albanese, and many other ministers are in Canberra this week for budget meetings.
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