Economist warn RBA could lose control of cash rate

Economists are warning the Reserve Bank could risk losing control of the cash rate if external advisors on the new RBA review board outstrip the number of central bank officials. Under the biggest RBA overhaul in 30 years, a board team of nine members including six experts, will make decisions on Australia's monetary policy. The government is playing down suggestions the monetary policy committee could undermine the current RBA board.