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RBA Appoints New Board Member Amid Interest Rate Board Shake-Up

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The Reserve Bank of Australia (RBA) has announced a new member to its monetary policy board. Melinda Cilento, an economist and company director, will join the nine-member board on August 14, 2026.

Cilento replaces Ian Harper, who is stepping down after a decade on the board. The appointment was announced by Treasurer Jim Chalmers on Friday.

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