Treasurer Jim Chalmers has handed down a damning review into the stance and operations of the Reserve Bank.

Among the 51 recommendations set out in the report, one is that the RBA be split into two separate boards to have more transparency around interest rate decisions.

One board would set interest rates and communicate them to the public, and the other would oversee operational governance.

Peter Switzer, one of Australia’s leading financial commentators and the Founder of Switzer Financial Group, told Neil Breen on Brisbane Live he believed splitting the board is “very sensible”.

Neil Breen asked Mr Switzer if he thought RBA Governor Philip Lowe would stay on past September, to which he responded, “I’d be very surprised”.

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