Analysis

Who will be the next RBA boss? The pros and cons of each candidate

Treasurer Jim Chalmers is due to make an announcement on Philip Lowe’s future in July. There are seven potential local candidates, including Lowe, to head the central bank. Here is what you need to know about them.

John Kehoe and Ingrid Fuary-Wagner

Jun 28, 2023 – 5.00am

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Reserve Bank of Australia governor Philip Lowe’s seven-year term expires in mid-September.

Some Labor backbenchers want him replaced because of the bank’s errant 2024 interest rate rise guidance, concerns the RBA is raising rates too aggressively and Dr Lowe’s repeated warnings about a potential price-wage spiral.

John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury.

Ingrid Fuary-Wagner was The Australian Financial Review’s explainer editor.