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Philip Lowe will not be re-appointed as Reserve Bank of Australia governor
The ABC can confirm Philip Lowe will not be re-appointed as Reserve Bank of Australia governor. Cabinet is expected to meet this morning to decide on his replacement – with an announcement from Treasurer Jim Chalmers to follow. Mr Chalmers has been consulting for months on the decision and while it is understood he holds Dr Lowe in high regard, cabinet is set to opt for change. Three people are considered favourites to step into the role: Deputy Reserve Bank Governor Michele Bullock, Treasury Secretary Steven Kennedy and Finance Department Secretary jenny Wilkinson. Dr Lowe's seven-year term was due to end in ... (full story)