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Ai Group Comment: Philip Lowe appointed as next Governor of Reserve Bank

"Ai Group welcomes the Government's announcement that Dr Philip Lowe will become the next Governor of the Reserve Bank when the present Governor Mr Glenn Stevens completes his term in September," Australian Industry Group Chief Executive, Innes Willox said today.

"Dr Lowe is a worthy successor as RBA Governor. He has deep experience in economic policy; a close familiarity with the Australian business environment; and is a highly capable communicator.

"More will be said in coming months about the very important contributions of Mr Stevens made during the very testing global economic circumstances of his term as Governor and, indeed throughout his career at the Reserve Bank," Mr Willox said.

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