Breaking: Michele Bullock will become the first woman to lead the Reserve Bank of Australia, after Treasurer Jim Chalmers confirmed RBA governor Phil Lowe would not be reappointed to the role.
Michele Bullock will become the first woman to lead the Reserve Bank of Australia, after Treasurer Jim Chalmers confirmed RBA governor Philip Lowe would not be reappointed to the role.
He said Bullock was taking over the top job at a difficult time globally, but she was “eminently qualified” to handle it. “I am committed to ensuring that the Reserve Bank delivers on its policy and operational objectives for the benefit of the Australian people.”“I congratulate Michele on being appointed Governor,” Lowe said in a statement published by the Reserve Bank.
Chalmers confirmed he had consulted with shadow treasurer Angus Taylor as part of his search for a new governor, and he expected the opposition to work constructively on the RBA’s future.
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