Australia names first woman central bank chief

By Agence France-Presse

Jul 15, 2023 12:19 am

SYDNEY: Michele Bullock will become the Reserve Bank of Australia's (RBA) first woman chief in its 63-year history starting in September, the government said on Friday, effectively sacking the incumbent following a series of unpopular rate hikes.

After 43 years at the bank, outgoing chief Philip Lowe has recently been dogged by criticism from the government and media over the rate increases, which were aimed at dampening inflation but have raised mortgage costs for homeowners.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Japan factory output declines 3.3% in August

China's top banks to boost housing market

Research shows exploitation of shrimp farmers

UK growth data disappoints in Q2

Macao poll candidate seeks diversification

US ports brace for potential workers strike

Nepal dam-building spree powers electric vehicle boom