RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

With two more meetings before Philip Lowe hands the reins over, there’s every chance the first rate move under the new RBA governor will be down, not up. Photograph: Bloomberg/Getty Images

Australia will get its first female Reserve Bank governor, Michele Bullock, and the order of the day is continuity with change.

Continuity because Bullock is an extremely well qualified RBA lifer with four decades of experience.