Wagga has a reputation for its citizens punching above their weight, and there is no better example than newly announced Reserve Bank of Australia governor Philip Lowe.
Mr Lowe was announced as the successor to outgoing governor Glenn Stevens by federal treasurer Scott Morrison. He will take the reins from September 18.
Mr Lowe studied economics as an undergraduate at the University of New South Wales, and then picked up his PhD at the Massachusetts Institute of Technology. That puts him in the dominant central banking school of thought in the new century.
Mr Lowe attended St Michael’s Regional High School and Trinity Catholic College with current member for the Riverina, Michael McCormack.
“He was a brilliant student,” Mr McCormack said.
“He was the dux of St Michael’s school.
“He was always destined for big things and I think he’ll do an outstanding job.”
Mr Lowe has made it clear in speeches that he and Mr Stevens see the world and the Australian economy in much the same way.