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Will Michele Bullock fix the RBA?
Description
The Reserve Bank of Australia is getting a new governor: Michele Bullock.
It’s an historic appointment. Michele Bullock is the first ever woman to hold the position. She was, until now, second in charge.
It comes after the controversial term of Philip Lowe, who provoked public anger for suggesting interest rates wouldn’t rise until 2024, and then hiking them 12 times in just over a year.
So will a new boss at the RBA make a difference to mortgage holders, or does the appointment of an insider mean nothing much will change?
Today, national correspondent for The Saturday Paper Mike Seccombe on the task ahead for Michele Bullock and what this change of governance will mean.
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Guest: National correspondent for The Saturday Paper, Mike Seccombe.
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