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Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock promoted to the top job as the first woman to lead Australia's central bank.

Michele Bullock will become the first woman to lead Australia's central bank from September. Her appointment effectively sacking the outgoing president after a series of rate hikes. Ms Bullock joined the Australian Federal Reserve the following year, where she held various positions before being appointed the institution's first female deputy governor in April 2022. News of Bullock's appointment gave Australian markets a small boost on Friday, with benchmark ASX200 index rising 0.3% at the open. The decision not to renew Mr Lowe's mandate had "nothing to do with any decisio...

SYDNEY: Michele Bullock will become the Reserve Bank of Australia's (RBA) first woman chief in its 63-year history starting in September, the government said on Friday, effectively sacking the incumbent following a series of unpopular rate hikes.

Michele Bullock faces a slow economy and the job of overhauling the RBA when she becomes the first woman to head the bank, as economists tip rate cuts in 2024.

Michele Bullock faces a slow economy and the job of overhauling the RBA when she becomes the first woman to head the bank, as economists tip rate cuts in 2024.