Ian Macfarlane, the governor of the Reserve Bank of Australia, is buckling down for another term - but not a full one. At the age of 57, it seems that the prospect of another whole seven-year term would have been a bit much, so he put a bid in for a shortened second term of three years, which was accepted by Australia's Treasurer Peter Costello. It would have been odd if he hadn't accepted: as a source put it to CentralBankNet, Macfarlane's reappointment was a "no-brainer" for Costello. Af
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