Jim Chalmers reveals two appointments to Reserve Bank’s new board tasked with setting interest rates

Renee Fry-McKibbin and Marnie Baker will sit on the RBA's new board, which follows the government's reform of the central bank

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The Albanese government has revealed its two appointments to the Reserve Bank's new specialist monetary policy board - Renee Fry-McKibbin, who was one of the three panelists on the RBA review, and Marnie Baker, an ex-commercial bank chief executive.

Fry-McKibbin, a macroeconomics professor at the Australian National University, helped lead the RBA review that was launched soon after the government took office in May 2022. The review made 51 recommendations, including creating an expert monetary policy board with diverse perspectives and knowledge", separate from a governance board.