The Reserve Bank of Australia's Deputy Governor Michelle Bullock will replace outgoing Governor Philip Lowe on September 18, Treasurer Jim Chalmers announced. Bullock has been deputy governor since April 2022 and will become the first female head of the Australian central bank.
"Michele is an outstanding economist, but also an accomplished and respected leader. Her appointment best combines experience and expertise with a fresh leadership perspective at the Reserve Bank as well. This is the right call, but it's not an easy call. This comes after months of deliberation and consultation and we have come at this in the most methodical and considered way that we could," Chalmers said.
