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Appointment: Michele Bullock As Deputy Governor

Summary:
The Governor, Philip Lowe, today warmly welcomed the appointment by the Treasurer of Michele Bullock to the position of Deputy Governor of the Reserve Bank of Australia and as a member of the Reserve Bank Board. Mr Lowe said: ‘I warmly congratulate Michele on her appointment as the Deputy Governor of the Reserve Bank of Australia. Michele brings a wealth of experience to the position. She has played a leading role in the Bank's work on financial stability and has a well-deserved international reputation for her work on payments systems. Michele also brings considerable management experience to the role and I look forward to working with her.' On her appointment, Ms Bullock said: ‘I am honoured to be appointed Deputy Governor of the

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The Governor, Philip Lowe, today warmly welcomed the appointment by the Treasurer of Michele Bullock to the position of Deputy Governor of the Reserve Bank of Australia and as a member of the Reserve Bank Board.

Mr Lowe said: ‘I warmly congratulate Michele on her appointment as the Deputy Governor of the Reserve Bank of Australia. Michele brings a wealth of experience to the position. She has played a leading role in the Bank's work on financial stability and has a well-deserved international reputation for her work on payments systems. Michele also brings considerable management experience to the role and I look forward to working with her.'

On her appointment, Ms Bullock said: ‘I am honoured to be appointed Deputy Governor of the Reserve Bank of Australia and excited by the opportunity to serve the people of Australia in this new role.'

Michele Bullock will take up her new role immediately.

Reserve Bank Australia
The Reserve Bank of Australia (RBA) came into being on 14 January 1960 as Australia's central bank and banknote issuing authority, when the Reserve Bank Act 1959 removed the central banking functions from the Commonwealth Bank. The bank has the responsibility of providing services to the Government of Australia in addition to also providing services to other central banks and official institutions. It currently consists of the Payments System Board, which governs the payments system policy of the bank, and the Reserve Bank Board, which governs all other monetary and banking policies of the bank.

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