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Philip Lowe to be replaced as RBA governor with successor named after cabinet meeting

Anthony Albanese says when it comes to the next leader of the Reserve Bank ‘we will make that decision as a cabinet’

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Philip Lowe will be replaced as the Reserve Bank governor, with cabinet meeting to decide his successor.

Lowe’s seven-year term expires on 17 September and he was widely expected to be replaced, with the timing of the change to be determined.

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