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Treasurer Jim Chalmers refuses to back down on RBA board shake-up

Pelican Press

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Treasurer Jim Chalmers refuses to back down on RBA board shake-up

Jim Chalmers is determined to press ahead with his overhaul of the Reserve Bank in the face of demands for some changes from the centre-right opposition, foreshadowing a prolonged stalemate.

The Federal Treasurer said in an interview with Bloomberg that he had no intention of withdrawing the RBA reform legislation, urging the upper house of parliament to do “the right and sensible thing” and pass it.

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