{"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-medium-file=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2023\/07\/michele-bullock.jpg?fit=240%2C300&amp;ssl=1\" 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_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 v27.2 - 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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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":44937,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/26\/westpac-calls-a-rate-hike\/","url_meta":{"origin":43035,"position":1},"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":2},"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":3},"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":[]},{"id":54068,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/07\/australian-outlook-chris-joye\/","url_meta":{"origin":43035,"position":4},"title":"Australian Outlook | Chris Joye","author":"Colin Twiggs","date":"June 7, 2024","format":false,"excerpt":"https:\/\/youtu.be\/QTKmPptmOes?si=UdsJVYNsO8c9KBQb Central banks are too much under the sway of government and not doing enough to contain inflation. None worse than the RBA which is holding rates lower than they should be. The last time that we had inflation at 4.0% in 2008, the cash rate was 7.25%. Now the\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":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/QTKmPptmOes\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":13085,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/05\/rba-leaves-official-cash-rate-at-2pc\/","url_meta":{"origin":43035,"position":5},"title":"RBA leaves official cash rate at 2pc","author":"ColinTwiggs","date":"April 5, 2016","format":false,"excerpt":"Jens Meyer quotes RBA governor Glenn Stevens: While the decision to keep rates unchanged was widely expected, analysts were speculating that the governor would show some concern about the recent steep rise in the Australian dollar's exchange rate, which gained nearly 12 per cent from its January lows to 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":"","src":"","width":0,"height":0},"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}]}}