The incoming Reserve Bank governor is expected to bring “reform agenda” to the institution as it seeks to ramp up transparency, the government say.
Michele Bullock will become the ninth governor of the central bank from September, and will be the first female appointment after the government decided not to extend Philip Lowe’s tenure.
Much has been said about the direction the bank has gone under the outgoing governor, with the bank raising rates from the historic low of 0.1 per cent to 4.1 per cent over 13 months.
Read More : Michele Bullock Takes the Helm at RBA with a ‘Reform Agenda’: Gallagher