Ray Ellis comments to Elite Agent. RBA Governor, Dr Philip Lowe hard done by.
First National Real Estate Chief Executive Officer Ray Ellis said Dr Lowe had been hard done by.
“The appointment of the new governor is part of the ongoing process where every seven years there is a new governor of the RBA,” he said.
“This is against the backdrop where the departing governor has been unfairly criticised for doing what is essentially his job, which is to steer and protect the Australian economy.
“His candour should be appreciated and is perhaps a lesson for many other leaders in our country.”
Dr Lowe will step down as the RBA boss on September 17 and from September 18 Ms Bullock will become the central bank’s first female leader.
She will serve a seven-year term.