Tag: Political Appointments/Terminations

Australia Appoints Michele Bullock as Next RBA Governor
World

Australia Appoints Michele Bullock as Next RBA Governor

SYDNEY—Australian Treasurer Jim Chalmers on Friday appointed Michele Bullock as the next governor of the Reserve Bank of Australia for a seven-year term. The decision elevates Bullock from her current role as Deputy Governor. “Ms. Bullock is the right person to lead the RBA into the future and ensure we have the world’s best and most effective...
Ousting of Lowe Will Raise Questions About RBA Independence
World

Ousting of Lowe Will Raise Questions About RBA Independence

SYDNEY—Reserve Bank of Australia Gov. Philip Lowe looks likely to be unceremoniously removed from his job next month amid a new and worrying era of political pressure being exerted on the setting of interest rates, and growing doubts about the cherished independence of the central bank in the future. Treasurer Jim Chalmers said this week he will appoint the next governor in July, with the announcement coming just ahead of a list of potential candidates for the RBA’s top job leaked to national newspapers. Those...