OECD urges RBA to review policy framework

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The RBA at night
Photo: RBA

The Organisation for Economic Co-operation and Development (OECD) has urged the Australian central bank to conduct a review of its policy framework.

In an economic survey of Australia, the OECD said the Reserve Bank of Australia should “undertake a review into the monetary policy framework that is broad in scope, transparent and involves consultation with a wide variety of relevant stakeholders”.

The OECD – a group mostly comprised of advanced economies – noted such reviews are widespread “in

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