RBA board to split into two; ASX takes a breather

Parliament pushed through legislation for RBA reform which will see its board split into two. SBS Finance Editor Ricardo Gonçalves speaks with economist Saul Eslake to find out what it means for the central bank and the future direction of interest rates; plus the day on the sharemarket with Omkar Joshi from Opal Capital Management.

Long-delayed reforms to the Reserve Bank of Australia have passed parliament. The measures include splitting the current RBA board so that one group oversees monetary policy and the other looks at the central bank's governance and operations. Source: AAP, SBS

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