Commentary
The job of Reserve Bank of Australia’s (RBA) governor might be one to dodge at the moment, but having waited 38 years for the opportunity I guess new Governor Michele Bullock was not going to say no.
There are a lot of challenges sitting in her in-tray from day one, including expansionary federal and state government policy; increasing red tape; inflationary energy prices; recommendations from the review of the RBA; the high probability there will be a recession; housing prices that refuse to deflate; plus the decoupling from China.
In this day and age of portfolio careers, 38 years is a long time to work for the same business. It almost speaks lack of ambition. It’s certainly a career lacking in that most modern of qualifications—diversity….
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