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RBA board split in doubt as Libs dig in

Michael Read
Michael ReadEconomics correspondent

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Treasurer Jim Chalmers could be forced to shelve his signature plan to create a specialist interest rate-setting board at the Reserve Bank of Australia after a breakdown in talks with the Coalition.

The impasse means the new board will not be up and running by its planned start date of July 1 because the stalled legislation requires a three-month lead time between its passage through parliament and its implementation.

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