Lowe will not serve second term as RBA governor - Breaking The News

Lowe will not serve second term as RBA governor

13 July

1 min read

EPA-EFE/LUKAS COCH

Reserve Bank of Australia (RBA) Governor Philip Lowe will not be reappointed for a second term, Australian media outlet ABC News confirmed on Friday. Lowe's term will end in September, and his successor is expected to be announced later in the day.

According to the report, the frontrunners for the position are RBA deputy Governor Michele Bullock, Treasury Secretary Steven Kennedy and Finance Department Secretary Jenny Wilkinson. Lowe did not comment on the decision.

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