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Guy Debelle is in the box seat to be become the next governor of the Reserve Bank of Australia as soon as 2023, after being reappointed deputy governor by the federal government.
Reserve Bank of Australia deputy governor Guy Debelle is the favourite to succeed Dr Lowe.
Alex Ellinghausen
Treasurer Josh Frydenberg announced the reappointment of Dr Debelle as deputy governor following the RBA’s decision on Tuesday to keep the cash rate anchored at 0.1 per cent and to slightly reduce its government bond-buying program to $4 billion from $5 billion a week.
Mr Frydenberg said Dr Debelle “has provided strong economic leadership, particularly in helping to steer the board’s response to the COVID-19 pandemic” – such as the RBA’s unprecedented $200 billion bond-buying program.
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As we have discussed regularly in this column, we foresee a significant change in the economic and investment themes in the second half of this year compared to the first half.