RBA's Shift From Boys Club to Governor Bullock Is a Win for Lowe [BNN Bloomberg (Canada)]
Lowe's Companies, Inc. (LOW)
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Source: BNN Bloomberg
ensure women had equal chances to advance at the nation's premier economic institution. As Lowe clocks out for the last time on Friday and hands over the reigns to Michele Bullock — the first female governor of the Reserve Bank — he can tell his daughter that he's done his share. Women accounted for 36% of managers at the RBA as of June 2022, from 31% when Lowe took over. Three of the central bank's assistant governors now are women, compared with just one seven years ago. “I am proud of the diversity and the greater number of women in senior leadership management at the RBA,” Lowe said in a brief interview last week after his final speech as governor. While the number of women in RBA is “reasonable,” Lowe wished it was more. Bullock, who starts her term Monday, will have to keep the momentum to bring the ratio of female managers in Australia's central bank closer to 50%, and boost the total headcount of women in central bank on par with the national average of 48% compared with
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