Will Michele Bullock fix the RBA?

<p>The Reserve Bank of Australia is getting a new governor: Michele Bullock.</p><p>It’s an historic appointment. Michele Bullock is the first ever woman to hold the position. She was, until now, second in charge.</p><p>It comes after the controversial term of Philip Lowe, who provoked public anger for suggesting interest rates wouldn’t rise until 2024, and then hiking them 12 times in just over a year.</p><p>So will a new boss at the RBA make a difference to mortgage holders, or does the appointment of an insider mean nothing much will change?</p><p>Today, national correspondent for <em>The Saturday Paper</em> Mike Seccombe on the task ahead for Michele Bullock and what this change of governance will mean.</p><p><br /></p><p><strong>Socials: </strong>Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a></p><p><strong>Guest:</strong> National correspondent for <em>The Saturday Paper</em>, Mike Seccombe.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>