Australia Appoints First Female Central Bank Governor Amid Cost-of-Living Crisis

Michele Bullock appointed as first female governor of Australia's central bank amid cost of living crisis
Replaces Philip Lowe, who faced criticism for misleading public about future interest rate hikes
Inflation jumped in Australia after Russia's invasion of Ukraine, leading to aggressive rate hikes
Lowe also scrutinized over RBA's hierarchical culture; review found issues with accountability
As insider, Bullock expected to face similar challenges on inflation and internal culture

cnn.com