And so we have confirmation that Graeme Wheeler is leaving his position as Governor when his current term expires, a couple of days after the election. (Reserve Bank statement, and Minister of Finance statement.)
That is less newsworthy than the solution the Board and the Minister have come up with – the appointment of current Deputy Governor (and deputy chief executive) Grant Spencer as acting Governor for six months, to allow the search and appointment process for a new permanent Governor to conclude after the election, when the shape (and policy orientation) of the new government is known. Spencer will retire at the end of that acting period, and will not again seek permanent appointment as Governor (having sought the role unsuccessfully in 2012).
It is a pragmatic solution, and not that out of line with the one I had proposed – that Wheeler be invited to…
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Utopia, you are standing in it! 
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