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Inside the downfall of a top central banker

Inside the downfall of a top central banker

Philip Lowe joined the Reserve Bank straight from high school and went on to oversee a period of dramatically shifting economic fortunes. Until his time ran out.

Michael ReadEconomics correspondent

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When Philip Lowe walks out of the Reserve Bank of Australia’s doors for the last time on September 17 after 43 years, the final piece of the drawn-out demise of Australia’s top central banker will fall into place.

As he exits 65 Martin Place, the capable public servant and mild-mannered leader of the RBA for the last seven years will pass a plaque inscribed with an excerpt from the Reserve Bank Act of 1959.

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Michael Read
Michael ReadEconomics correspondentMichael 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

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Original URL: https://www.afr.com/policy/economy/the-lowe-down-inside-rba-lifer-s-tumultuous-tenure-20230713-p5dnxf