The review of the Reserve Bank of Australia has recommended that a new monetary policy board, filled with finance experts, be appointed to determine interest rate policy.

The review outlined that the RBA’s monetary policy should have a “flexible inflation target of 2 to 3 per cent”, but the board should set out how it aims to achieve that target while prioritising price stability and full employment.

Ray asked Opposition Leader, Peter Dutton, “Have you had a chance to digest all the 51 recommendations?”, to which Dutton said he hadn’t “seen the briefing on it yet”.

“Obviously Angus Taylor as a Shadow Treasurer has been dealing with Jim Chalmers and his office and looking at the recommendations,” Dutton told Ray.

See more highlights from The Ray Hadley Morning Show below: