Prime Minister Anthony Albanese and Treasurer Jim Chalmers with incoming RBA governor Michele Bullock.“She is considered, has extensive experience and is well-suited to lead the RBA at this time,” Mr Comyn said.
Economist Tony Richards, who started at the RBA with Ms Bullock in 1985, said the bank’s staff would welcome the government’s choice, and he expected the new governor to be adept at achieving consensus. “It is time to stop fighting mythical wage-price spirals and to recognise we have a very different wages system to the 1970s,” she said.
UniSuper chief investment officer and industry super heavyweight John Pearce said he was “really pleased” with the appointment, which, he added, would maintain the political independence of the bank.
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