Central Banks
New RBA Governor Bullock Seen as Slightly More Dovish Than Lowe
- Key early task will be to implement recommendations of review
- RBA’s first female governor says she is a ‘proud country girl’
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One of Michele Bullock’s early tasks as new Australian central bank chief will be to drive an overhaul of the institution — including fewer interest-rate meetings and regular press conferences — while also tackling uncomfortably high inflation.
Bullock said Friday after she was announced as the ninth Reserve Bank governor that a big part of her role will be “leading the bank through the change.” Treasurer Jim Chalmers described her as a “history-making appointment” and the “best person to take the bank into the future.”