Bullock will be the most scrutinised RBA governor ever
The next 12 months will test investors, businesses and households and the calls Michele Bullock makes will help determine just how difficult the environment becomes.
In helping to steer the economy through the pandemic and then fighting the highest inflation in 35 years, Philip Lowe faced one of the sternest tests an RBA governor has faced in decades. But Lowe’s successor, deputy RBA governor Michele Bullock, arguably faces an even trickier job.
Hiking rates to tame inflation was a relatively easy call, albeit one Lowe arguably made too late. But Bullock faces the difficult task of tweaking the dials on an economy that is at a complex turning point.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
