{"id":43035,"date":"2023-07-14T00:10:46","date_gmt":"2023-07-14T00:10:46","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=43035"},"modified":"2023-07-14T00:41:21","modified_gmt":"2023-07-14T00:41:21","slug":"new-rba-governor","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/14\/new-rba-governor\/","title":{"rendered":"New RBA governor"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"43037\" data-permalink=\"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/14\/new-rba-governor\/michele-bullock\/\" data-orig-file=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg?fit=400%2C500&amp;ssl=1\" data-orig-size=\"400,500\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"michele-bullock\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg?fit=400%2C500&amp;ssl=1\" class=\"aligncenter  wp-image-43037\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg?resize=216%2C270&#038;ssl=1\" alt=\"New RBA Governor\" width=\"216\" height=\"270\" srcset=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg?w=400&amp;ssl=1 400w, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg?resize=240%2C300&amp;ssl=1 240w\" sizes=\"auto, (max-width: 216px) 100vw, 216px\" \/><\/p>\n<p>The Treasurer has appointed Michele Bullock as Governor of the RBA for a seven-year term commencing 18 September 2023.<\/p>\n<p>Michele Bullock was deputy governor under Phil Lowe, so a sensible move. Not a Labour Party stooge as the market feared.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Treasurer has appointed Michele Bullock as Governor of the RBA for a seven-year term commencing 18 September 2023. Michele Bullock was deputy governor under Phil Lowe, so a sensible move. Not a Labour Party stooge as the market feared.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31],"tags":[6014,6015],"class_list":["post-43035","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","tag-michele-bullock","tag-rba-governor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New RBA governor - the patient investor<\/title>\n<meta name=\"description\" content=\"Michele Bullock appointed as Governor of the RBA\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New RBA governor - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Michele Bullock appointed as Governor of the RBA\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/14\/new-rba-governor\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T00:10:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-14T00:41:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2023\\\/07\\\/14\\\/new-rba-governor\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2023\\\/07\\\/14\\\/new-rba-governor\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"New RBA governor\",\"datePublished\":\"2023-07-14T00:10:46+00:00\",\"dateModified\":\"2023-07-14T00:41:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2023\\\/07\\\/14\\\/new-rba-governor\\\/\"},\"wordCount\":41,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2023\\\/07\\\/14\\\/new-rba-governor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/michele-bullock.jpg\",\"keywords\":[\"Michele Bullock\",\"RBA Governor\"],\"articleSection\":[\"Australia &amp; 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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The new RBA governor highlighted three elements that point to inflation becoming increasingly demand-driven. First, inflation is broadly-based. Trimmed mean inflation remains too high at 5.4% p.a.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"CPI Monthly","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":65482,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/07\/28\/will-the-rba-hike-rates-in-august\/","url_meta":{"origin":43035,"position":1},"title":"Will the RBA Hike Rates in August?","author":"Colin Twiggs","date":"July 28, 2026","format":false,"excerpt":"Key Points RBA Governor Michelle Bullock buoyed markets with her lunchtime comments today. The ASX 200 is headed for another test of 9000. However, June Quarter CPI is due for release on Wednesday. Westpac projects that the Trimmed Mean CPI for the 12 months to June will rise to 3.7%.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-28-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-28-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-28-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":65488,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/07\/29\/soft-cpi-means-no-rate-hike\/","url_meta":{"origin":43035,"position":2},"title":"Soft CPI Means No Rate Hike","author":"Colin Twiggs","date":"July 29, 2026","format":false,"excerpt":"Key Points Trimmed Mean CPI growth slowed to 0.3% in June, down from 0.4% in May. Annual Trimmed Mean CPI was flat at 3.6%, the same as in May. The RBA will likely hold the cash rate at 4.35% in August. Lower monthly CPI was partly due to federal government\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-29-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-29-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-07-29-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":44937,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/26\/westpac-calls-a-rate-hike\/","url_meta":{"origin":43035,"position":3},"title":"Westpac and CBA call a rate hike","author":"Colin Twiggs","date":"October 26, 2023","format":false,"excerpt":"Luci Ellis, new Chief Economist at Westpac, believes the inflation overshoot in September was enough to expect an RBA rate hike: Last week we noted that the RBA would leave rates unchanged so long as they saw inflation coming down as they had expected. But if the data flow showed\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42855,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/07\/05\/rba-attempts-the-tightrope-walk\/","url_meta":{"origin":43035,"position":4},"title":"RBA attempts the tightrope walk","author":"Colin Twiggs","date":"July 5, 2023","format":false,"excerpt":"The RBA decided to pause rate hikes at its July 4th meeting, leaving the overnight cash rate unchanged at 4.1%. Governor Phil Lowe has two more meetings before his term expires in September. If his term is not extended -- which seems likely after his \"no rate hikes before 2024\"\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-28-aus-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-28-aus-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-28-aus-cpi.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-06-28-aus-cpi.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":62106,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/09\/australian-government-and-rba-doing-burnouts\/","url_meta":{"origin":43035,"position":5},"title":"Australian Government and RBA doing burnouts","author":"Colin Twiggs","date":"July 9, 2025","format":false,"excerpt":"Summary Real GDP per capita growth has been negative since Q2 of 2023 Australia is in a per capita recession The Labor government and the RBA are working against each other The RBA is trying to keep a lid on inflation while Labor tries to soften the impact on voters\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australia: Real GDP Per Capita","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-08-aus-gdp-percapita.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-08-aus-gdp-percapita.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-08-aus-gdp-percapita.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-08-aus-gdp-percapita.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/43035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=43035"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/43035\/revisions"}],"predecessor-version":[{"id":43039,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/43035\/revisions\/43039"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=43035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=43035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=43035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}