Australia's Res Bank appoint head of domestic mkts

AUSTRALIA - The Reserve Bank of Australia said Tuesday it has appointed Philip Lowe as head of its domestic markets department.

The announcement follows the recent appointment of the bank's former domestic markets head, Malcolm Edey, to the position of assistant governor, economics.

Lowe, formerly head of the central bank's system stability department and currently on assignment at the Bank for International Settlements in Basel, will take the new position on his return to Australia in July, th

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