The independent review of the Reserve Bank should be headed by someone from outside the country say 12 leading economists in an open letter to the treasurer.
Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
Subdued growth and deflation are behind the Reserve Bank's unusual Budget day interest rate cut, says Tim Harcourt, the J.W. Nevile Fellow in Economics at UNSW.