RBA Deputy Governor Philip Lowe to Replace Glenn Stevens

  • Stevens says ``no one better qualified'' than Lowe for role
  • Lowe inherits post with diminished interest rate ammunition

Reserve Bank of Australia Announces New Governor

Philip Lowe is set to replace Glenn Stevens as governor of Australia’s central bank, inheriting an economy grappling with the onset of disinflation that forced policy makers to cut interest rates to a record low this week.

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