29-March-2011
Portfolio Media Releases
Outgoing RBA board members Donald McGauchie and Warwick McKibbin are to be congratulated for their major contributions to economic policy during challenging times.
“They brought rare experience and insight to the RBA board and more broadly have made invaluable contributions to the economic debate in this country and I am sure will continue to do so,” Shadow Minister for Finance, Deregulation and Debt Reduction Andrew Robb said today.
“Don and Warwick are held in the highest esteem in the corporate world and their frank and fearless insights meant they were certainly not yes men of the government of the day, much to the chagrin of the Rudd-Gillard governments.
“Unfortunately, the Gillard government remains extremely precious when it comes to being told home truths about their overblown response to the global financial crisis and the pressure their panicked and reckless spending and borrowing has placed on monetary policy.
“Also, Don should always be recognised for the significant role he played in achieving major waterfront reform in this country which helped deliver hard-fought productivity gains.
“Warwick is respected internationally at a government, industry and academic level for his intellectual courage and very high quality economic contribution.
“I wish them both well in the next chapter of their lives,” Mr Robb said.