Reserve Bank

Two women have been appointed on the board of the Reserve Bank of Australia (RBA), as Australia’s independent central bank is set to begin a dual board governance structure in March 2025.

Incoming Reserve Bank Governor Michele Bullock has said the uncertainty posed by climate change to the economy is  “acute”.

Although she has been with the bank four decades, the past two have been in areas remote from the setting of interest rates, meaning she won’t feel compelled to defend the mistakes of the past.

Michele Bullock has been appointed as the new Governor of the Reserve Bank of Australia, becoming the first woman to hold the position. 

Leading public servant Jenny Wilkinson has been touted as a frontrunner to become the next Governor of Australia’s Reserve Bank. 

As rates rise again, RBA Governor Philip Lowe shares more comments highlighting just how out of touch he is on what Australians experience.