The RBA gets a new Governor

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L-R: Prime Minister Anthony Albanese, RBA Governor-designate Michele Bullock, and Treasurer Jim Chalmers. Chalmers sits behind a copy of the RBA Review report. Photo credit: AAP.

Treasurer Jim Chalmers has appointed Deputy Governor Michele Bullock to the role of RBA Governor for a seven-year term, replacing Philip Lowe from 18 September this year. Bullock is career RBA officer, having been with the Bank since 1985. The Treasurer will make a further announcement about Bullock’s replacement as Deputy Governor.