Outgoing governor Philip Lowe defended the Reserve Bank’s response to the COVID-19 pandemic in a farewell message to staff as he left office this week, and described his sadness about leaving after 43 years – and unwanted media attention.
Friday was Dr Lowe’s final day as the RBA’s eighth governor after Treasurer Jim Chalmers opted against offering the central banker a three-year extension to his seven-year term. His deputy, Michele Bullock, will start her term as governor on Monday.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
