Michele Bullock, the new head of the Reserve Bank, has overseen a decision on interest rates for the first time as governor, with the board keeping the cash rate on hold, for this month at least.

But is her approach to monetary policy really any different to her predecessor, Philip Lowe? 

Maybe not, but the Reserve Bank board she heads is set for a major shake-up. 

Today, ABC finance presenter Alan Kohler on the RBA’s failings and why a rejig could be just what we need.

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Alan Kohler, ABC finance presenter