On September 18, 2016, the Reserve Bank of Australia ushered in a new governor, in the form of Philip Lowe. It been the deputy governor for several years and has worked at the RBA all his professional life except for a short stint with the Bank of International Settlements. He speaks Central Bank-speak. On September 22, 2016, he appeared for the first time as governor before the House of Representatives Standing Committee on Economics and delivered the RBA Annual Report 2015 to Parliament. His – Opening Statement – and the subsequent answers to questioning by the House Committee members were revealing because they indicated that the new governor clearly understood the vexed situation that the government had placed the central bank in over the last decade or so, but, at the same time, indicated he was also prepared to continue perpetuating neo-liberal myths that have created the vexed situation in the first place. Not a great start in my opinion. The full transcript of the hearing is available in the Parliamentary Transcript.