Who will be the next Reserve Bank boss?

Last week, Treasurer Jim Chalmers confirmed that a decision on the next RBA governor will be made next month. 

The current governor Philip Lowe’s seven year term is due to end in September. But there’s no guarantee his term will be extended - in fact some 52 per cent of Australians think Lowe should lose his job, according to a survey for our papers. 

Traditionally, the position is handed to the deputy governor, but a scathing review into the RBA found the bank needs major changes, including a substantial cultural change.

Today, senior economics correspondent Shane Wright on the top-runners for the position and what an overhaul of the RBA’s culture might look like.

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