Albanese names RBA successor for Lowe
Prime Minister Anthony Albanese has announced the successor for Philip Lowe at the Reserve Bank of Australia.
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Prime Minister Anthony Albanese has announced the successor for Philip Lowe at the Reserve Bank of Australia.
Michele Bullock, the first female Reserve Bank governor, is an RBA lifer from the payments system side of the bank.
Michele Bullock has spent her entire career at the RBA, and she becomes the first woman to take the top job as governor.
Michele Bullock, who takes over as Reserve Bank governor in September, very recently said it was 'easier just to jack up interest rates'. She also had a problem with low unemployment.
Although on the fence about the replacement of governor Philip Lowe, economists have welcomed his successor, deputy Michele Bullock, as a sign of structure and continuity at the central bank.