Reserve Bank review to consider changing inflation target and board selection

With the RBA challenged by the pandemic, surging inflation and calls for reform, one expert says its recent report card has been mixed'

The Reserve Bank review is assessing calls for changes to the central bank's inflation target, the selection of board members and how authorities should manage shocks from asset bubbles to climate change.

The review, launched in July with a reporting deadline for next March, has received more than 114 submissions, interviewed 230-plus people and surveyed almost 1,100 current and former RBA staff, the panel told a CEDA briefing in Sydney on Thursday.