Should Phil Lowe succeed Glenn Stevens?

From the AFR:

Successful central banks should be boring, the Bank of England’s Mervyn King used to say. At least when it comes to selecting the Reserve Bank governor, Australia’s new prime minister and treasurer are poised to meet the “boring” criterion next year, according to a survey of economists.

For the third straight time, in a stretch going back 20 years, Australia’s government will tap the central bank’s No. 2 to become its No. 1 official, all 21 respondents in a Bloomberg survey say. Governor Glenn Stevens is scheduled to retire in September 2016, when Philip Lowe, his deputy who is highly regarded by private economists, would take the helm.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.