James Aitken said the appointment of six part-timers to the Reserve Bank’s proposed monetary policy board might make it harder to attract the best candidates.
After accepting 51 recommendations of a review of the RBA including splitting it into a governance board and a monetary policy board with more macroeconomics and labour market experts last week, the Treasurer appointedto the central bank board.
Former Fair Work Commission president Iain Ross and company director Elana Rubin will join the Reserve Bank board.
“It’s a full-time job and look, if you’re saying we’re going to do a part-time job one day a month, external appointees? Well, it might be tricky to find the right kind of people because the people you’d want on that monetary policy committee might be constrained by their current jobs. So, I was a bit surprised by those outcomes.”
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