RBA: Australia names its first female central bank president

For the first time since it was established in 1960, Australia’s central bank reports that a woman will serve as its president.

RBA: Australia names its first female central bank president
RBA: Australia names its first female central bank president

 

Philip Lowe, who is nearing the conclusion of a seven-year term as governor of the Reserve Bank of Australia (RBA), will be replaced by Michele Bullock.

Her hiring comes at a time when the RBA is undergoing a significant reorganization and the nation is struggling with rising costs.

In an effort to combat inflation, it has increased interest rates to their highest level in more than a decade.

The financial services sector in Australia is predominately male and has one of the largest gender pay discrepancies in the country.

On September 18, Ms. Bullock, who serves as the RBA’s deputy governor, will begin her seven-year term in office.

In a statement on Friday, Ms. Bullock said, “It is a challenging time to be taking on this role, but I will be supported by a strong executive team and boards.”

 

Use your ← → (arrow) keys to browse

See also  Government efforts to prevent power plant shutdown—Atta-Akyea

sikapa

Next Post

After a popular diabetes app crashes, there is outrage and panic.

Fri Jul 14 , 2023
A popular app that diabetics used to check their blood sugar has since stopped functioning on some Apple devices due to an upgrade. A user’s body contains a small sensor that transmits data to an app while they are wearing it. The FreeStyle Libre gadget is made by Abbott, which […]
After a popular diabetes app crashes, there is outrage and panic.