Ella 
Michele Bullock will take over as governor of the Reserve Bank of Australia (RBA) on Monday, becoming the first female governor.
The Reserve Bank of Australia (RBA) has paused interest rate hikes for three months after more than a year of aggressively raising interest rates. Bullock is expected to keep interest rates unchanged at her first meeting of governors next month, and some economists believe her first policy shift will be a rate cut.
In the 13 months to June, the Reserve Bank of Australia raised interest rates by 400 basis points (bps) to an 11-year high of 4.1%, while the consumer price index (CPI) slowed from 8.9% in December. 4.9% in July. The bank expects interest rates to reach the RBA’s target range of 2% to 3% by the end of 2025.
