Key events10m agoPhilip Lowe will be replaced as RBA governor, ABC says18m agoGood morning!41m agoPenny Wong meets China’s highest ranking diplomat at Asean summit1h agoWelcomeFilters BETAKey events (4)ABC (3)10m ago17.14 EDTPhilip Lowe will be replaced as RBA governor, ABC says
The Reserve Bank governor Philip Lowe will reportedly be replaced when his seven-year contract concludes in mid-September, according to the ABC.
An announcement from treasurer Jim Chalmers is expected to follow today’s cabinet meeting, when the topic of Lowe’s replacement will be discussed.
Guardian Australia has not yet been able to confirm this. We will bring you updates as they come.
In the meantime, here is more on what the future may look like for the Australian economy, the RBA and Lowe, from our economics correspondent Peter Hannam:
Where to next for the Australian economy, the RBA – and Philip Lowe?Read moreUpdated at 17.19 EDT18m ago17.05 EDTGood morning!Rafqa Touma
I’m Rafqa Touma, taking the blog for the day. Thanks to Martin Farrer for kicking us off this morning.
If you see anything you don’t want us to miss, let me know on Twitter or Threads. Let’s get into it.
Updated at 17.15 EDT41m ago16.42 EDTPenny Wong meets China’s highest ranking diplomat at Asean summit
Penny Wong has met top Chinese diplomat Wang Yi for the second time in a year, at a meeting for south-east Asia’s foreign ministers, AAP reports.
The foreign affairs minister, who is in Jakarta for the Asean foreign ministers’ meeting, said:
We had a constructive discussion about the bilateral relationship and the value of ongoing dialogue.
I reiterated Australia’s position on a range of issues, including trade impediments, consular cases, human rights and Hong Kong.
Australia will continue to work with China to grow the bilateral relationship, navigate differences and engage in the national interest.
Asked before the meeting if she would raise a policing pact signed between China and Solomon Islands, she said Australia maintained the view shared by its regional neighbours that security should be provided by Pacific nations.
She told the ABC’s 7.30:
We are continuing to call for transparency from China and Solomon Islands in relation to this agreement. I think it is of benefit for the Pacific Islands Forum to discuss it.
The Chinese president, Xi Jinping, and the Solomon Islands prime minister, Manasseh Sogavare, jointly announced a comprehensive strategic partnership in Beijing this week.
Updated at 17.15 EDT1h ago16.28 EDT
Wong reassures Asean nations about Indo-Pacific security
The foreign affairs minister, Penny Wong, has placed Asian nations at the forefront of security in the Indo-Pacific even as Nato considers expanding its presence in the region, AAP reports.
The military alliance proposed opening a liaison office in Japan’s capital Tokyo, in an attempt to deepen cooperation with partners in the region.
2023-07-13 16:05:48
Link from www.theguardian.com
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