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RBA boss Philip Lowe to deliver last speech before review decision made
RBA Governor Philip Lowe is set to deliver his last speech today before finding out whether he will be replaced in a huge shake up. The central banker who infamously predicted interest rates would not go up until 2024 will outline the RBA’s official response today to a major review in a speech in Queensland. Dr Lowe, who earns $1 million a year including super, is widely expected to be replaced when his term expires in this year and a decision is expected as early as this week. The leading candidates for the job are Treasury Secretary Steven Kennedy, Finance Secretary Jenny Wilkinson, RBA deputy Governor Michele ... (full story)