RBA shake-up promises board representation for workers, with focus on full employment and fighting inflation

Sweeping changes to Reserve Bank of Australia give equal weighting to employment and inflation, and mandate greater transparency

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Workers will get a voice" on the Reserve Bank of Australia board and the central bank will give equal weighting to achieving full employment and fighting inflation, according to wide-ranging changes following the first major RBA review in four decades.

The review's report, released on Thursday, details 51 recommendations proposed by a three-person panel. The treasurer, Jim Chalmers, said the Albanese government agrees in-principle" with all of them, and will now press on to implement them by July 2024.

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