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The Forum > General Discussion > RBA Replacement

RBA Replacement

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The Reserve Bank will now be run by a woman.

Women are most likely replacing men in the media, in business, sport - and just about everywhere else - because they are more easily managed by the schemers employing them (in this case a meddling, Socialist government): less likely to speak up and kick over the traces. Nothing to do with equality or 'doing-the-right-thing'.
Posted by ttbn, Saturday, 15 July 2023 10:38:44 AM
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Michele Bullock has been named as the new governor
of the Reserve Bank of Australia and is the first woman
to lead the central bank. She is replacing Philip Lowe
whose term expires on 17th September.

Michele Bullock has a BA in economics from the University
of New England (1984) and a Master's from the London School
of Economics (1989). Her London School of Economics masters
was under Charles Goodhart, one of the world's leading
monetary policy experts. Apparently Goodhart was most
impressed with her.

She's had close to four decades experience with our national
institution and most knowledgeable economic experts agree
that she is eminently qualified for the job. She's been
described as an "accomplished economist" with wide experience
with the RBA - most recently as the deputy governor and
deputy chair of the Payment Systems Board.

It's good to see the government acknowleging the valuable
contribution of the previous Chief - Philip Lowe. And
now it's equally good to see someone being promoted on merit,
qualifications, and experience. It seems that times are
changing for many.
Posted by Foxy, Sunday, 16 July 2023 11:30:46 AM
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Thanks Foxy. That tells me she has no experience in industry or private enterprise, so no understanding of how it works.

Yet another academic/bureaucrat who will run the thing from the position of Canberra, & continue with Albo in stuffing the country, when we need people who know what is involved in running a business, not an academic cloister.

Just a quick look at the mess Queensland has become should tell anyone with an ounce of common sense that more girls club is the last thin we need.
Posted by Hasbeen, Sunday, 16 July 2023 1:18:36 PM
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Dear Hasbeen,

She's held a variety of senior management positions
in the Bank and is more than qualified to be its Chief.
She's also coming into the job with a multimillion
dollar property portfolio. Do your research on her.
It is impressive.
Posted by Foxy, Sunday, 16 July 2023 1:48:09 PM
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Philip Lowe was far more qualified than Michele Bullock. The reason he was not reappointed was that he did the job he was supposed to in raising interest rates to counter Labor's created inflation.

Hopefully, Michele Bullock is not a Labor lackey and can maintain the independence of the RBA.
Posted by shadowminister, Sunday, 16 July 2023 3:02:55 PM
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Dear Shadow Minister,

Labor-created inflation?

I won't insult your intelligence by assuming that you
really believe the BS you're spouting.
Posted by Foxy, Sunday, 16 July 2023 3:55:51 PM
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