Australian News / 17 July 2023
Bullock out of the gate
Friday brought an end to Reserve Bank Governor Philip Lowe’s misery… He (and the nation…) heard he won’t have his term renewed and will be replaced by his deputy Michele Bullock. And over the weekend, she’s been called “someone who very quickly masters a brief” (paywall) and “a plain speaker” with “a lot of emotional intelligence”. She’s also had a warm welcome from Coalition Treasury spokesman Angus Taylor who said she’s a “highly capable and qualified economist”, and the unions noted she’s the first woman in the role. Along with reducing inflation, Bullock’s job will be to implement the recommendations of the recent review – they require different capabilities, but Treasurer Chalmers says she got “the best combination of attributes to take the bank forward.” Her 7-year stint in the top chair begins in September. Meanwhile, Chalmers and Lowe travelled to India yesterday for this week’s G20 meeting of global finance ministers. Not awkward at all…
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