The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank

Get our morning and afternoon news emails, free app or daily news podcast

When the Albanese government announced Michele Bullock as the next Reserve Bank governor on Friday, few were particularly surprised – and that was the plan.

Sure, the opposition leader, Peter Dutton, got on the front foot the previous day, prematurely warning against choosing a public servant. The treasurer, Jim Chalmers, had shared his shortlist with his shadow, Angus Taylor, but held back Bullock as his pick.

Sign up for Guardian Australia’s free morning and afternoon

Leave a Reply