Australia's business commentators rate new National Australia Bank chief financial officer Craig Drummond as a legitimate chance to succeed current boss Cameron Clyne. While Clyne isn't going anywhere yet, the Bank of America Merrill Lynch recruit has the necessary experience in the industry. What he needs to do now is build his understanding of NAB. Australia’s business commentators say Drummond rates well against the other internal rivals to succeed Clyne, while noting that no imminent changeover appears on the cards.
Also in this morning’s edition of The Distillery, the latest inflation figures have the commentators somewhat split over what the Reserve Bank of Australia can and/or should do at its next monetary policy meeting.