The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

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Philip Lowe may yet go down as one of the unluckiest central bank governors in Australian history or perhaps elsewhere.

Within a few days, the treasurer, Jim Chalmers, will decide on whether to extend the Reserve Bank governor’s seven-year contract when it concludes in mid-September. Few expect Lowe will get the nod to stay on.

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