Powered by MOMENTUM MEDIA
Mortgage business logo

New RBA deputy governor appointed

Treasurer Scott Morrison has named the new deputy governor of the Reserve Bank of Australia, filling the vacancy created by Philip Lowe's promotion to governor.

Guy Debelle will commence as RBA deputy governor for a five-year term on 18 September 2016.

Philip Lowe will begin his tenure as governor on the same day, replacing Glenn Stevens.

In announcing the appointment, Mr Morrison described Mr Debelle as an "economist of international standing" with a PhD in economics from Massachusetts Institute of Technology (MIT) and extensive experience at the RBA.

"Dr Debelle is currently the Assistant Governor (Financial Markets) at the RBA, a position he has held since March 2007. In that role, he has oversight of the Bank’s operations in the domestic and global financial markets, including the management of Australia’s foreign reserves," Mr Morrison said.

Share this article
brokerpulse

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph

What are the main barriers to securing a mortgage at the moment?