Tag: Lowe
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Michele Bullock named as substitute for Lowe at RBA
Dwell Deputy RBA governor Michele Bullock will exchange Philip Lowe on the helm of the central financial institution. Prime Minister Anthony Albanese introduced Ms Bullock as the brand new Reserve Financial institution of Australia governor on Friday morning. “This appointment follows a rigorous course of. together with session with the opposition,” he stated. “After near…
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Lowe blows misplaced – what Australia ought to do as an alternative of crushing households
Former Reserve Financial institution governor Ian Macfarlane, whose time period (1996-2006) corresponded completely with the reign of the Howard authorities, signed an settlement with then-treasurer Peter Costello mandating the Reserve Financial institution with over-riding accountability for guaranteeing low inflation. They didn’t attempt to change the related act which doesn’t point out inflation, though it does…
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‘Destroys belief’: Philip Lowe reveals RBA employed embattled PwC over employees underpayment scandal
Reserve Financial institution boss Philip Lowe has confirmed the central financial institution has underpaid employees, revealing embattled consultancy PwC was employed to assist repair the issue. Showing at Senate estimates on Wednesday, Dr Lowe stated errors in paying entitlements led to an unspecified variety of RBA workers being underpaid as a lot as a number…