Reserve Bank boss Philip Lowe welcomes review, ramps up rate rise warnings; former RBA gov Bernie Fraser hopes review won't "mangle" institution

As official interest rate rises rattle borrowers, the Reserve Bank's decision making processes will be put under the microscope for the first time in forty years.

The review will examine RBA's core objectives including it's inflation targetting mandate, the way board members are appointed and it's accountability to the federal government.

Here's my analysis on the morning's edition of AM

Treasurer Jim Chalmers outlined the terms of reference and Philip Lowe welcomed the review.

I spoke on The World Today and on ABC NewsRadio

And I spoke with Cassie McCullagh on ABC Radio Sydney