Good morning everyone, this is Jackie in Sydney. Senior departure at RBA possible help or hinder central bank renewal. But first…
Must read today:
• RBNZ is set to pause when inflation eases
• Australia joins the German Chancellor’s Council climate club
• Rio Tinto is still available optimistic about China
A growing number Senior staff leaving the RBA can demonstrate a “double-edged sword” for organizational reorganization efforts — leading to both new talent and corporate amnesia. Assistant Governor Luci Ellis said on Monday that she is looking to the private sector after 32 years at the central bank, adding to a sense of constant change amid uncertainty over Governor Philip Lowe’s future.
New Zealand Central Bank is expected to leave rates unchanged on Wednesday, ending a streak of 12 consecutive increases as the economy cooled and inflation began to weaken. The RBNZ’s sharp tightening has seen house prices tumble, with the national slump Home construction costs rose at the slowest rate since 2020 as demand for new homes fell.