Philip Lowe Named New RBA Governor

The transcript discusses the appointment of Philip Lowe as the new governor of the Reserve Bank of Australia (RBA), highlighting his qualifications and the challenges he will face, such as low inflation and limited monetary policy tools. It also covers Scott Morrison's announcement of Lowe's appointment and reflects on the tenure of former governor Glenn Stevens, who managed the RBA during the global financial crisis. Additionally, the transcript touches on the political instability in Australia, with frequent changes in prime ministers and an upcoming election.

Who is expected to take over as the new RBA governor?

• Scott Morrison

• Philip Lowe

• Malcolm Turnbull

• Glenn Stevens

What is one of Philip Lowe's notable contributions to central banking?

• Managing the global financial crisis

• Writing papers on low inflation environments

• Overseeing the mining boom

• Introducing new monetary policies

What did Treasurer Scott Morrison highlight about Philip Lowe in his announcement?

• His wealth of knowledge and experience

• His political affiliations

• His plans for future policies

• His lack of experience

What challenge does Philip Lowe face as the new RBA governor?

• Weakening firepower and political instability

• Lack of support from the government

• A strong inflation problem

• A declining economy

How many prime ministers has Australia had since 2006?

• Seven

• Six

• Five

• Four