Opinion
Replacing Lowe for a fresh start at the RBA is not as easy as it seems
Jim Chalmers must weigh up repairing the institution’s reputation with the potential for suspicions about the independence of the replacement if they change tack.
Phillip CooreyPolitical editorMore than a year ago, as the nation wrestled with the vestiges of the COVID-19 pandemic and the cash rate was still at a record low 0.1 per cent, Reserve Bank of Australia governor Philip Lowe took time out for a round of golf.
Teeing it up at his local club one Saturday morning, Lowe, according to this column’s spies, hit an errant drive that rebounded off a tree – or post – and the ball finished up behind the first tee.
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