Australia’s government will not reappoint Philip Lowe as Reserve Bank governor, as widely anticipated, seeking a circuit-breaker as criticism of the central bank’s performance mounts.
Lowe, whose seven-year term expires on September 17, isn’t going to receive an extension, according to a person familiar with the matter. Lowe declined to comment when contacted by Bloomberg early Friday.
Read More: Philip Lowe to be Replaced as Central Bank Governor in Australia