Glynn’s Take: Question of Next RBA Governor Now Urgent With Rates Set to Jump

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SYDNEY—Australian Treasurer Jim Chalmers needs to urgently answer the question of who will lead the Reserve Bank of Australia beyond September amid deepening unease in financial markets and fear that further interest-rate increases will tip the economy into a recession.

Data on Thursday showed employment grew by 75,900 new jobs in May, prompting some economists to forecast a rate increase in July.

The…

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