Philip Lowe rba Wiki: Net Worth, Daughter, Age, Salary, Retirement and Wife

Philip Lowe is the 8th governor of the Reserve Bank of Australia, RBA since its inception in 1959. He retires on Sept 17, and Michelle Bullock, the first lady governor of RBA, will succeed him. 

Philip Lowe's DOB, Age, Family

Philip was born on 4 Oct 1961, age 61, in Wagga Wagga, New South Wales, Australia. He has a wife named Jocelyn Parker, who works at the APRA (Australian Prudential Regulation Authority) and three children.

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Philip Lowe's Early Life

He completed his schooling at Michael's High School and Trinity Senior High School. RBA had hired him directly from the high school. His age was 17 when he was employed as a clerical worker, 1980. 

Further, he graduated from the University of New South Wales in commerce. On his graduation, he was awarded 1st class honours and the university medal. He completed his Ph.D. at MIT (Massachusetts Institute of Technology) in economics, 1984.

Here is Philip Lowe's work-life journey:

RBA, various positions in the Intl. department and economic group between 1980 to 1997.

Head of Economic Research Department (1997-1998)

Head of Financial Stability Department (1999-2000)

Bank of Intl. Settlements (BIS); Head of financial institutions and infrastructure division (2000-20002)

Head of Domestic Market Department (2002-2003)

Head of Economic Analysis Department (2003-2004)

Assistant Governor (financial system)- (2004-2009)

Assistant Governor (Economic) (2009-2012)

Deputy Governor (2012-2016)

Governor at RBA (Sept 2016 to Sept 2023)

Philip Lowe's Net Worth

As per the reports, his net worth is 10 million dollars. The report also states that Lowe was on a package of $1.037M in 2021-22, including superannuation and a salary of $890,252. 

Philip Lowe's Retirement

In his term as governor of RBI, he attracted controversies for a number of his comments due to which

The Australian government was pressured to let him go. During the pandemic, he had encouraged people to borrow and had said that it's unlikely for the official cash rates to rise until 2024. 

However, the RBA had raised the interest rates 12 times to a decade-high at 4.1%. Philip Lowe has worked for 43 years at RBA.

Philip Lowe's FAQs

Q. How old is the Michelle Bullock?

A. Michelle Bullock, governor-to-be, is 60 years old.

Q. Who is the wife of Philip Lowe?

A. Philip Lowe's wife's name is Jocelyn Parker. 

Q. How many children do Philip Lowe have?

A. Philip has 3 children.