Welcome to the inaugural episode of Relative Return Unplugged, where we dive into one of the most pressing issues in Australia's financial landscape - the future of the Reserve Bank of Australia (RBA). In this episode, hosts Maja Garaca Djurdjevic and Keith Ford, along with special guest Liam Garman, tackle the rising scrutiny surrounding the RBA and whether its independence is at risk.

We explore the RBA review findings and the controversial proposal to restructure the bank into a two-board system. With recent attacks from political parties and opposing views from key economists like Shane Oliver and Stephen Miller, we break down what's really at stake.

From internal challenges to political pressure and the push for a change in board governance, this episode delivers insights and analysis on whether the RBA's authority is being eroded—and what the future might hold for Australia's central bank.

Tune in to hear:

• The proposed reforms to the RBA's governance structure.
• Why political parties are divided on these changes.
• The impact of these proposals on the RBA's decision-making process.
• The bigger picture: Is the RBA's independence truly being tested?