Who is in the race if Jim Chalmers decides to replace Philip Lowe as RBA governor?

theage.com.au/politics/federal/in-his-own-words-philip-lowe-s-revealing-seven-years-of-speeches-20230629-p5dkh6.html

Credibility B

Jul 12 23

In his own words: Philip Lowe’s revealing seven years of speeches: Philip Lowe has been at the centre of economic policy since 2016. In almost one million public ...

9news.com.au

9news.com.au/finance/reserve-bank-australia-eight-interest-rates-meetings-per-year-review-governor-philip-lowe/58c5e6a2-c3fe-4b57-9620-9a2c08977add

Jul 12 23

RBA to meet eight times a year to set interest rates under sweeping changes: RBA governor Philip Lowe confirmed cutting the number of interest rates meetings is ...

Bloomberg

bloomberg.com/news/articles/2023-07-11/australia-treasurer-to-finalize-rba-governor-with-cabinet-soon

Jul 12 23

Australia Treasurer to Finalize RBA Governor Decision ‘Soon’: Australian Treasurer Jim Chalmers said he expects to discuss with the government’s senior ...

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smh.com.au/politics/federal/we-too-need-to-change-lowe-flags-more-media-appearances-in-rba-shake-up-20230712-p5dnlw.html

Jul 12 23

‘We too need to change’: Lowe flags more media appearances in RBA shake-up: Philip Lowe, giving his last speech before the Treasurer unveils the next RBA ...

theage.com.au/politics/federal/we-too-need-to-change-lowe-flags-more-media-appearances-in-rba-shake-up-20230712-p5dnlw.html

Jul 12 23

‘We too need to change’: Lowe flags more media appearances in RBA shake-up: Philip Lowe, giving his last speech before the Treasurer unveils the next RBA ...

news.com.au/finance/work/leaders/philip-lowe-to-give-speech-as-jim-chalmers-says-replacement-decision-imminent/news-story/21b408364dca2ab23303e73b2f36b869

Jul 12 23

RBA in biggest shake up in decades: The Reserve Bank will cut the amount of times it meets in a year to set interest rates but make the meetings longer ...

theage.com.au/politics/federal/so-you-want-to-be-the-rba-governor-are-you-sure-20230707-p5dmgl.html

Jul 12 23

So, you want to be the RBA governor. Are you sure?: Everyone has an opinion on who should head the Reserve Bank. But what sort of skills do you need to run the ...

theage.com.au/politics/federal/rba-governor-decision-likely-this-week-20230711-p5dnbe.html

Jul 11 23

RBA governor decision expected this week: With central bank boss Philip Lowe’s tenure in limbo, Treasurer Jim Chalmers has set the stage for a national wellbeing ...

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news.com.au/finance/economy/australian-economy/rba-holds-but-inflation-war-not-over/news-story/6f511a0f1c4df713f54ac94fc84a9c5d

Credibility B

Sep 05 23

$52 billion bomb coming after rates call: ANALYSIS

Key FactsRBA keeps interest rates steady in Governor Lowe's final act

Sep 5, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: smh.com.au

Reserve Bank aggressively raised interest rates since May last year.

Monthly repayments on an average $600,000 mortgage have increased by over $1350.

Recent economic figures show the effectiveness of the rate rises.

Inflation may return to the Reserve Bank's target range of 2-3%.

11 similar articles

Nikkei Asia

Sep 05 23

RBA holds steady as Lowe bows out, tightening cycle seems over: SYDNEY (Reuters) -- Australia's central bank on Tuesday kept interest rates steady for a ...

asia.nikkei.com/Economy/RBA-holds-steady-as-Lowe-bows-out-tightening-cycle-seems-over

2 similar articles

smh.com.au/politics/federal/lowe-warns-against-rent-freezes-as-he-signals-rates-may-rise-again-20230810-p5dvl6.html

Aug 11 23

Lowe warns against rent freezes as he signals rates may rise again: In his last appearance before the House of Representatives’ economics committee ...

Key FactsLowe's Farewell: RBA Governor Faces MPs for the Final Time

Aug 10, 2023 · Reading time: ~20 sec.
Summary created with AI assistance · Source: smh.com.au

Philip Lowe, the governor of the Reserve Bank, will appear before the House economics committee for the last time on Friday.

Michele Bullock will succeed Lowe as the deputy governor in mid-September.

Lowe is expected to respond to inquiries regarding the housing market and the Reserve Bank's interest rate policy.

7 similar articles

BBC News

Jul 14 23

RBA: Australia names first woman to lead its central bank: Michele Bullock will succeed Philip Lowe, who has led the Reserve Bank of Australia for seven years.

bbc.com/news/business-66197443

Key FactsNew RBA Chief Appointed

Jul 14, 2023 · Reading time: ~30 sec.
Summary created with AI assistance

Michele Bullock becomes Australia's first female governor and leads the RBA.

Prime Minister Anthony Albanese announced the appointment, praising Philip Lowe for his seven-year term.

Treasurer Jim Chalmers stated that Ms. Bullock is the right person to lead the RBA into the future and ensure it becomes the world's best and most effective central bank.

Ms. Bullock has been with the RBA since 1985 and has been Deputy Governor since April 2022.

34 similar articles

news.com.au/finance/economy/interest-rates/economists-torn-as-rba-july-interest-rate-decision-looms/news-story/44a7c02155fd23f3683b9548da4e2665

Jul 04 23

RBA makes massive rates U-turn: The RBA has paused interest rates at its monthly meeting in a move that will be a massive relief for millions of borrowers around ...

Key FactsRBA Keeps Rates Steady at 4.1% Providing Relief for Mortgage Holders

Jul 4, 2023 · Reading time: ~30 sec.
Summary created with AI assistance

The Reserve Bank has given mortgage holders a reprieve from interest rate rises, holding the official cash rate steady at 4.1%.

Governor Philip Lowe said the previous interest rate rises and economic uncertainty were reasons to hold off lifting interest rates this month.

Further rate hikes may be needed in the future to ensure inflation returns to the bank's target.

Economists were divided on whether the RBA would raise rates or pause, given mixed signals from recent economic data and concerns about the impact on mortgage holders.

10 similar articles

smh.com.au/politics/federal/rba-lifts-rates-by-0-25-percentage-points-in-surprise-move-20230502-p5d4zp.html

May 02 23

RBA lifts rates by 0.25 percentage points in surprise move: Financial markets had said there was a 100 per cent chance of the RBA holding the cash rate steady ...

Key FactsEuro-Zone Inflation Surprisingly Rises to 7 Percent in April: Clear Signal for ECB Rate Hike

Reading time: ~30 sec.
Summary created with AI assistance

Euro-Zone inflation rate unexpectedly rose in April

Eurostat reports increase from 6.9 to 7.0 percent

Core inflation, excluding energy and food prices, slightly decreased

Significant inflation differences within Euro-Zone

20 similar articles

128

Bloomberg

bloomberg.com/news/articles/2023-04-20/rba-s-lowe-defends-board-reiterates-willingness-to-keep-serving

Apr 20 23

RBA’s Lowe Defends Board, Reiterates Willingness to Keep Serving: Australia’s central bank Governor Philip Lowe pushed back against criticism of his rate-setting ...

1 similar article

Radio New Zealand

rnz.co.nz/news/business/487394/reserve-bank-raises-ocr-to-5-point-25-percent

Apr 05 23

Reserve Bank raises OCR to 5.25%: The Reserve Bank has raised the official cash rate by 50 basis points to 5.25 percent.

8 similar articles

smh.com.au/politics/federal/rba-lifts-rates-to-11-year-high-of-3-6-per-cent-20230307-p5cpxo.html

Mar 07 23

RBA lifts rates to 11-year high of 3.6 per cent: RBA governor Philip Lowe made clear that the bank was still some way from halting interest rate rises after it ...

Key FactsThe RBA nearly has the inflation dragon by the tail, but at what cost?

Apr 10, 2023 · Reading time: ~30 sec.
Summary created with AI assistance

While the bank's Philip Lowe predicts a higher cash rate in the near future, the rationale for it is eroding.

The cash rate was 0.1 percent at the beginning of May last year.

The cash rate has now reached its highest level since Flo Rida's song Whistle topped the charts in 2012.

Lowe maintains that the path to returning inflation to its target range of 2 to 3% while keeping the economy on a "even keel" remains narrow.

15 similar articles

133

news.com.au/finance/economy/interest-rates/had-to-sell-my-house-legendary-businessmans-shock-confession-as-interest-rates-soar/news-story/8ec70db04cf4b3c948e2086bf48c99b9

Feb 16 23

Finance guru’s grim warning to homeowners: One of Australia’s leading mortgage experts has revealed he was forced to sell his own home after being crippled ...

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149

theage.com.au/politics/federal/five-hours-of-questions-but-just-one-mattered-for-rba-boss-phil-lowe-20230216-p5cl53.html

Feb 18 23

Five hours of questions – but just one mattered for RBA boss Phil Lowe: “Can you explain to the renters and mortgage-holders of Australia why you still deserve ...

Key FactsThe RBA's "narrow path" on inflation and interest rates: six lessons from Philip Lowe

Apr 10, 2023 · Reading time: ~30 sec.
Summary created with AI assistance

If he can avoid it, Lowe is opposed to large interest rate increases or pauses.

"In January, people don't want to hear about interest rates," Lowe said.

Prior to last week's 25bp increase in the cash rate, mortgage holders had only seen 260bp increases, according to Lowe.

"[There] is competition for new borrowers and there is this discounting," Lowe explained.

5 similar articles

theage.com.au/politics/federal/inflation-dangerous-and-corrosive-lowe-says-as-he-defends-rate-hikes-and-warns-of-more-20230215-p5ckly.html

Feb 15 23

Inflation ‘dangerous and corrosive’ Lowe says as he defends rate hikes and warns of more

Key FactsInflation is "dangerous and corrosive," says Lowe, defending rate hikes and warning of more to come.

Apr 11, 2023 · Reading time: ~30 sec.
Summary created with AI assistance

Greens finance spokesman Nick McKim questioned Lowe's appointment, noting that the governor stated in late 2021, when the cash rate was 0.1 percent, that interest rates would not rise until 2024.

The Reserve Bank's tool for combating inflation is raising interest rates, and Lowe stated that the board had not yet reached its peak.

Financial markets expect the cash rate to reach 4.1 percent by August, but some analysts believe the RBA will need to raise interest rates much higher.

It had predicted a peak of 3.85 percent.

6 similar articles

Bloomberg

bloomberg.com/news/articles/2023-02-13/australia-s-consumer-confidence-plunges-on-rba-tightening-signal

Feb 14 23

Australia’s Plunging Confidence Underlines RBA Rate-Hike Dilemma

1 similar article

Reuters

Feb 13 23

Australia's top central banker to face lawmaker ire over rate hikes: Australia's top central banker will face a grilling at parliamentary hearings this week ...

reuters.com/world/australias-top-central-banker-face-lawmaker-ire-over-rate-hikes-2023-02-13/

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0 3

theage.com.au/politics/federal/reserve-bank-lifts-interest-rates-to-10-year-high-20221206-p5c3yg.html

Dec 06 22

Reserve Bank lifts interest rates to 10-year high: The bank has delivered a pre-Christmas rate rise, taking the official cash rate to 3.1 per cent ...

Paid articlePaywall

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137

news.com.au/finance/economy/australian-economy/rba-governor-warns-that-interest-rate-will-continue-to-rise-for-many-more-months/news-story/d41910fd056aa9d612c4206730c3969a

Nov 01 22

Bleak warning from banking boss: The boss of Australia’s central bank has issued a sombre warning about how the worst is still yet to come for interest ...

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