Treasurer to keep tapping into Stevens

Treasurer Scott Morrison promises he will continue to tap into outgoing Reserve Bank governor Glenn Steven's great counsel.

Mr Morrison said Mr Stevens lives in his electorate and expects they will continue their discussions with a view over Cronulla Beach rather than in Sydney's Martin Place.

The treasurer praised the retiring governor's intellect to make insights into situations, then develop strategies and stick to them, as well as his ability to captivate rooms on the international stage when he was talking.

"He earnt that through considered, sound consistent performance," Mr Morrison told reporters in Canberra on Wednesday.

"A treasurer could ask no more, a country could ask no more of a Reserve Bank governor."

Mr Morrison expects there will be a smooth transition as Philip Lowe takes over.