Could Treasurer tweak to RBA inflation in low inflation world? I speak with EY chief economist Jo Masters

Debate is hotting up on the future of the Reserve Bank's current inflation target given persistent low inflation around the world. 

Treasurer Josh Frydenberg is yet to sign a monetary policy agreement with RBA governor Dr Philip Lowe with a spokesman confirming he is taking advice from Treasury. 

ABC's Peter Ryan speaks with Ernst & Young chief economist Jo Masters.