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New RBA Governor Expected To Be Announced Soon

RBA

Australian Treasurer Jim Chalmers is holding a press conference at 10.45am AEST, so in a little under 40mins. There is speculation the Treasurer could announce the new RBA Governor at the press conference. Although in an earlier radio interview today, Chalmers stated “I’ll be taking my recommendation to Cabinet colleagues about the position of the Reserve Bank governor up soon,” Chalmers told Australian Broadcasting Corp. radio Wednesday, while refusing to provide a date (see this link). “I don’t want to preempt the timing or the nature of that discussion.” This was in relation to whether current Governor Lowe's term would be extended.

  • Hence the announcement may not come today and may be focused on Lowe's term or other issues.

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