Politics with Michelle Grattan Politics with Michelle Grattan: Treasurer Jim Chalmers on Michele Bullock’s appointment as Reserve Bank Governor
For months, speculation has swirled about the appointment of a new governor of the Reserve Bank, a key position in the management of the Australian economy.
The present governor, Philip Lowe, has faced sharp criticism, especially over his prediction interest rates would be held steady until 2024, which proved wrong. It always seemed unlikely he would get another term.
Now the government has named his successor – the present deputy governor Michele Bullock. She will be the first woman to hold the position.
From the government’s point of view, it is a cautious appointment, signalling both continuity and change. Bullock is of the bank, but she will oversee the reforms that have come out of the review of its operations.
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The Making of an Autocrat
Search: "The Conversation Weekly" for our new series. Is America watching its democracy unravel in real time? In The Making of an Autocrat from The Conversation, six of the world’s pre-eminant scholars reveal the recipe for authoritarian rule. From capturing a party, to controlling the military, Donald Trump is borrowing from the playbook of strongmen thoughout history. This is the story of how democracies falter — and what might happen next.