Factbox: Potential candidates as next chief of Australia's central bank

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The head of Australia's central bank will not be reappointed for a second term as the Labor government seeks a new pair of hands for an institution scarred by criticism over sharply rising interest rates, several media outlets reported on Friday.

Australian Prime Minister Anthony Albanese and Treasurer Jim Chalmers will hold a press conference at 0940 a.m. on Friday .Here's a list of people being touted as possible replacements.

* Steven Kennedy, 58, the head of the federal Treasury since 2019. He has also been a member of the RBA board during this time. Kennedy was an economic adviser to Labor prime ministers Kevin Rudd and Julia Gillard during the global financial crisis. He studied economics at Sydney University, and completed a PhD in health economics at the Australian National University .

* David Gruen, 68, who is married to Wilkinson is another contender. Gruen heads the Australian Bureau of Statistics, and worked at the RBA from 1989 to 2002, rising to head of economic research. He joined the Treasury in 2003. He has PhD degrees in physiology from Cambridge University and in economics from the Australian National University.

 

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