Last month, the RBA annual report revealed that the two top executives of the Bank received a pay rises of more than 10%:
“During his final year as governor, Philip Lowe took home $1,147,465 in base pay, bonuses, superannuation and other payments. That sum was about 10.5% higher than a year earlier…”
“Michele Bullock, who was deputy governor prior to her promotion to the top role last month, earned remuneration totalling $828,313. That sum was almost 12% more than in the previous year when Bullock was an assistant governor for part of the period”.
