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RBA Governorship in Transition as Treasurer Weighs Options

  • Treasurer Jim Chalmers must decide whether to extend Governor Philip Lowe's term or appoint a new RBA leader.
  • Potential candidates include RBA Deputy Governor Michele Bullock, Finance Dept. Secretary Jenny Wilkinson, and Treasury Secretary Stephen Kennedy.
  • The governor oversees monetary policy, payment systems, and responds to economic challenges.
  • Lowe has overseen falling wages, rate hikes, record GDP declines and growth, and quantitative easing.
  • Speeches show Lowe as an optimistic leader focused on opportunities for Australia's economy.
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