ICYMI: Game of Loans

GDB exits stage left

Over at The Conversation I have a piece on why Guy Debelle pre-maturely left the RBA. Excerpt below…

Why then did Debelle jump ship? As deputy governor he has shown a keen interest in the transition to a net-zero economy, giving several speeches on how the move will affect Australia’s economy and its financial system.

But as recently as last month it seemed that he was still hoping to be given the keys to the Reserve Bank vault in Sydney’s Martin Place, testifying to parliament that he didn’t own any financial assets in order to minimise perceived conflicts of interest.

However, notwithstanding his interest in the zero-emission transition, it seems that his decision to leave was in part because his status as governor-in-waiting was no longer a sure bet.