A 294-page review of the Reserve Bank of Australia (RBA) has been released, putting forward 51 recommendations to improve the structure, governance, and decision-making processes of the central bank. The review considered the RBA's performance over the past 30 years and has recommended the biggest overhaul of the central bank in its 63-year history. In this episode, host Annie Kane is joined by the managing editor of property and financial services, Phil Tarrant, to discuss:

• Why the RBA review is calling for two RBA boards
• Their thoughts on dropping to eight cash rate decisions a year
• Philip Lowe's reactions to the review

And much more!