Applications for RBA Monetary Policy Board - please submit your op-ed to the AFR.
Well it hasn’t taken long.
On Thursday last week, the Senate passed the Albanese government’s laws which will change the governance structure of the RBA.
The current RBA board will be spit into 2:
Monetary Policy Board: is responsible for setting monetary policy, including decisions on interest rates. It comprises the RBA Governor, Deputy Governor, Treasury Secretary, and six external members appointed by the Federal Treasurer.
Governance Board: This board oversees the RBA's management and organizational affairs, including policies related to delivering banking services to the Commonwealth and issuing currency.
Let's just say, the “sexy” board, deeply coveted by the those wanting to join the gold lapel pin crowd will be the Monetary Policy Board.
And so the job applications have started to come in. Via the AFR opinion pages.
On 1 December came this one from Huw McKay who modestly self describes himself as “Strategic thinker”.
Chalmers should pick ‘superforecasters’ for the new RBA board
On 2 December came this one from Craig Emerson, “Former Labor minister and economist”. And of course terribly daggy singer and dancer.
So what was in these applications?