Emily Barrett

An interest-rate cut seems like a positive start for a government heading into an election campaign – that is not how many voters are responding to the Reserve Bank’s decision.

Economist Mariana Mazzucato, who tours Australia this month, has been acclaimed by leaders from the UK to the Vatican for her vision of a mission-based approach to the world’s most serious challenges.

This week’s post-meeting press conference was only the first step in a major overhaul of the way the RBA works – with new governor Michele Bullock out to prove herself as a reformer.