RBA's Debelle reappointed deputy governor

Guy Debelle has been reappointed as the Reserve Bank of Australia’s deputy governor for a further five-year term.

Dr Debelle has been deputy governor and deputy chair of the central bank board since 2016.

Announcing the reappointment, Treasurer Josh Frydenberg said he had provided strong economic leadership, particularly in helping to steer the board’s response to the coronavirus pandemic.

Dr Debelle was previously assistant governor for economics at the RBA.

Mr Frydenberg also announced the reappointment of Ian Harper as a part-time member of the RBA board for a further five-year period.

“Professor Harper has been a member of the RBA board since 2016 and has made a valuable contribution to the board’s decision-making in supporting the Australian economy,” he said on Wednesday.

Professor Harper is dean and director of the Melbourne Business School and co-dean of the Faculty of Business and Economics at the University of Melbourne.

“These reappointments maintain the high level of skills and experience of RBA board members, and ensure monetary policy continues to support Australia’s economic resilience and prosperity through the recovery phase of the COVID-19 pandemic and beyond,” Mr Frydenberg said.