Michele Bullock’s appointment as the next governor of the Reserve Bank of Australia was motivated by a need to restore the bank’s public image and reform its structures after the pandemic, while staying the course on monetary policy.
In announcing on Friday that Ms Bullock, now the RBA deputy governor, will replace Philip Lowe on September 18 to become the bank’s first female governor, Treasurer Jim Chalmers emphasised she had the leadership qualities needed to implement the reform agenda that will begin in February.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
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
