Michelle Bullock She beat other candidates to become the first female governor of Australia’s central bank, partly due to her communication skills. They are set to be tested as the Reserve Bank embarks on its biggest overhaul in decades.
As she takes office on Monday, Bullock will be counted on to bolster the RBA’s credibility, which reached rock bottom under his predecessor. Philip Lowe In late 2021, it reaffirmed its forward guidance that interest rates were unlikely to rise before 2024. Instead, they began rising in May 2022, triggering the central bank’s most aggressive tightening campaign in more than 30 years.