Dr Guy Debelle, Deputy Governor of the Reserve Bank of Australia (RBA) is stepping down from his position with effect 16 March 2022 to take up an opportunity in the private sector.
I would like to thank Dr Debelle for his outstanding contribution to the RBA over nearly three decades including the last six years as Deputy Governor.
Since his appointment as Deputy Governor and Deputy Chair of the RBA Board in 2016, Dr Debelle has provided strong economic leadership and helped steer the RBA board’s response to the COVID-19 pandemic.
Dr Debelle is also Chair of the Reserve Bank's Risk Management Committee and the Council of Financial Regulators Climate Change Working Group.
The Morrison Government will announce a replacement Deputy Governor in due course.
Throughout the COVID-19 pandemic, monetary and fiscal policy have worked effectively together to ensure a strong recovery from the greatest economic shock since the Great Depression.
This has seen the Australian economy outperform all major advanced economies and an unemployment rate on track to reach its lowest level in nearly 50 years.