- By Annabelle Liang & Hannah Ritchie
- BBC News
Image source, Reserve Bank of Australia
Michele Bullock has been named as the next governor of the RBA
Australia’s central bank says it will be led by a woman for the first time since it was founded in 1960.
Michele Bullock will succeed Philip Lowe, who is coming to the end of a seven-year term as governor of the Reserve Bank of Australia (RBA).
Her appointment comes as the country has been battling rising prices and the RBA is facing a major shakeup.
It has raised interest rates to their highest level in over a decade in a bid to tackle inflation.
The Australian financial services industry is male-dominated and has one of the nation’s widest gender pay gaps.
Ms Bullock, who is currently the RBA’s deputy governor, is due to start her seven-year term as governor on 18 September.
“I am committed to ensuring that the Reserve…