The Real Estate Institute of Australia (REIA) supports the recommendations made by the Review of the Reserve Bank of Australia.
REIA President, Mr Hayden Groves, said the broadening of the objectives to include employment, the appointment of external economists specialising in macroeconomics, finance and the labour market, a reduction in the frequency of meetings and increased collaboration with Treasury will lead to better decisions and economic and personal outcomes.
“Of the 51 specific recommendations, which have been banded into 14 broad categories, there are a number that are particularly important in changing the current approach. These are:
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