Philip Lowe is making a gentle first step in the private sector with philanthropy-focused LIC, Future Generation Australia; the former governor says the RBA has its messaging on rates right.
Already a subscriber?Former Reserve Bank governor Philip Lowe’s bone-dry sense of humour was on full display on Tuesday as he was
But he’s enjoyed taking three shots off his golf handicap and spending time with his family. And he’s happily moved on from the intense scrutiny he faced late in his tenure.“I don’t miss being in the public eye, with people at my front gate with TV cameras, taking pictures of me and my family.
“Right through my time on the RBA board for 10 years, the markets seem to be hanging on every word that we said – and sometimes what we didn’t say. It’s a constant fact of life.” But at the same time, it’s a very Lowe job. Future Generation has 18 fund managers running money on behalf of investors on a pro bono basis, and donates 1 per cent of its asset base to youth charities each year. Lowe says the role brings together two of his big passions in life: finance and helping children.