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Jim Chalmers will decide if RBA boss Philip Lowe keeps the job from September
Treasurer Jim Chalmers has confirmed RBA governor Philip Lowe’s head could be on the chopping block and he will announce his decision next month. The contract for the job of running the Reserve Bank is up in September amid a storm of controversy over a string of interest rate rises. There is an option to renew the contract for three years but that is now up to the Treasurer. Dr Chalmers told ABC radio Thursday morning that it was a “big job and a big call” and the government is working through the decision in a methodical way. In April, Dr Lowe said he was happy to serve out another term – if he’s asked. ... (full story)