Lowe to go at RBA
It is understood Reserve Bank of Australia governor, Philip Lowe, will not be re-appointed to the governor position with a decision due to be made later today.
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It is understood Reserve Bank of Australia governor, Philip Lowe, will not be re-appointed to the governor position with a decision due to be made later today.
Michele Bullock owns her family home in Five Dock outright, and has investment properties in nearby Russell Lea and Drummoyne which could be bringing in as much as $1,335 in rental income.
The Opposition will not support Steven Kennedy or Jenny Wilkinson to replace Philip Lowe as RBA governor.
The PM and treasurer announce Michele Bullock will replace Philip Lowe as the next Reserve Bank governor; Jim Chalmers says she has the expertise to implement the recommendations of the RBA review. Follow updates here.
Westpac chief economist Bill Evans is now expecting the Reserve Bank to cut interest rates after Easter next year. By then, the Reserve Bank may have a new governor.