RBA Loses Old Hands at Critical Juncture for Economy

SYDNEY—The departure of Luci Ellis as chief economist from the Reserve Bank of Australia is part of a recent exodus from the central bank that has stripped it of decades of experience and talent just as the economy approaches its most challenging moment in a generation.

Ellis, who will take on the role of chief economist at Westpac in October, leaves after the exit of the equally talented former deputy governor, Guy Debelle, who left the RBA suddenly in early 2022 for a job in the green-energy sector.

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