Ian Macfarlane - a proud record

Ian Macfarlane stood down as the governor of the Reserve Bank of Australia in September, having been one of its most successful leaders. Since his appointment in 1996, he carefully guided the nation's monetary policy, achieving low inflation and helping to oversee one of the strongest and most sustained expansions in Australia's history. He refined a policy approach of flexible inflation targeting and over the previous decade inflation has averaged close to 2.5%, bang in the middle of the cen