Reported at www.theguardian.com: Treasurer Jim Chalmers has announced the appointment of two new members, Renée Fry-McKibbin and Marnie Baker, to the Reserve Bank’s new monetary policy board, as part of the government’s reform of the central bank.

Fry-McKibbin, a macroeconomics professor, and Baker, a former commercial bank CEO, will join the board for five-year terms.

The appointments were made following a consultative process, with bipartisan efforts, despite opposition from the Coalition who expressed concerns about government interference in setting interest rates.