Central Banking

Australia's Costello names McGauchie to RBA board

Former president of Australia's National Farmers' Federation Donald McGauchie has been appointed to the board of the Reserve Bank of Australia for a term of five years, Treasurer Peter Costello said on Mar 22, 2001.

McGauchie, chairman of Telstra Country Wide Advisory Board and Woolstock Australia Ltd, fills one of two vacant positions on the central bank board. The board is made up of the RBA governor and deputy governor, the Treasury secretary, five business people and an academic. The two p