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So there is going to be two boards and a more diverse representation. Seems to be aimed at more understanding of the impact on lives when rates go up, not solely focussed on inflation.

I've never understood this obsession with trying to keep inflation around 2 or 3%. Surely if spending is up that's an indicator of a successful economy so if inflation increases surely that's a sign the majority of the population have a decent amount of disposable income.

But the singularly focussed RBA says no we don't like it we want to reduce your ability to spend money. That thinking does my head in. Wacking up people's mortgage repayments can only do irreparable damage.