The public service code of conduct sets out reasons why a Reserve Bank governor should not move to a private bank at the end of the term. But there is nothing to stop Philip Lowe doing so and — as shabby as it seems — he wouldn't be the first, writes Peter Martin.
abc.net.au/news/philip-lowe-reserve-bank-rba-will-he-move-to-a-private-bank/102816508Surely Reserve Bank Governor Philip Lowe won't move to a private bank after his term as governor ends next week.on Tuesday, there's nothing to stop him, and — as shabby as it seems — he wouldn't be the first.
Banks such as Westpac, NAB, the ANZ and Macquarie Bank deal with the Reserve Bank all the time. It runs the payments system, it is responsible for the financial system, and it sets interest rates.
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