A former Reserve Bank special advisor advocates for increased transparency in monetary policy, including public disclosure of MPC votes and greater parliamentary scrutiny, arguing that the shift represents a necessary and irreversible move toward accountability and expertise.
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I think some of them would have been comfortable, but the problem you had under the original formulation was that there was this daft implicit requirement that appointees to the NPC, apart from the Reserve Bank staff, should not be experts in the field and that would of course make them more reluctant to go public on their views on monetary policy now that's changed mercifully to a sane position where the people you appoint to the MPC should have expertise in the field and I think if you ask them look would you be willing to give an on the record interview or speech on your views of where Mount Free policy is heading and why it's moving the way it is I think now yes they would be receptive I
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expertise in policy now required, not just appointment
Geof Mortlock: Former Reserve Bank Special Advisor on the shift to make OCR votes publicSpotted something wrong on this page? Report a correction.
