Australia: An Australian Perspective on Current Monetary Policy Challenges
Mr. Philip Lowe Governor of the Reserve Bank of Australia
Philip Lowe is Governor of the Reserve Bank of Australia.
Mr Lowe holds a PhD from the Massachusetts Institute of Technology
and a B.Comm (Honours) in Economics/Econometrics from the University
of New South Wales. He has authored numerous papers, including on the
linkages between monetary policy and financial stability. He commenced
as Governor on 18 September 2016.
He is Chair of the Reserve Bank Board and Payments System Board, and
Chair of the Council of Financial Regulators. He is a member of the
Financial Stability Board. Prior to his current role, he held the
positions of Deputy Governor, Assistant Governor (Economic) and
Assistant Governor (Financial System). He also spent two years at the
Bank for International Settlements working on financial stability issues.
Mr Lowe is Chair of the Financial Markets Foundation for Children
and a director of The Anika Foundation. He is also Chair of the
Committee on the Global Financial System of the Bank for International Settlements.
Mr Lowe is a signatory to The Banking and Finance Oath.
of New South Wales (BComm Hons 1985) Massachusetts
Institute of Technology (PhD 1991)
Reserve Bank of
Australia; various positions in International Department and
Head of Economic
Financial Stability Department
International Settlements; Head of Financial Institutions and
Head of Domestic
Head of Economic
Governor (Financial System)
Mr. Changyong Rhee Director of Asia and Pacific Department
Changyong Rhee is the Director of the Asia and Pacific
Department at the IMF, where he oversees the Fund’s work on the
region, including its lending operations and bilateral and
multilateral surveillance of economies ranging from China, Japan, and
India to the Pacific Islands.
Prior to joining the IMF in February 2014, Mr. Rhee was Chief
Economist of the Asian Development Bank (ADB); Secretary General and
Sherpa of the Presidential Committee for the 2010 G-20 Seoul Summit;
Vice Chairman of the Financial Services Commission (FSC) and Chairman
of the Securities and Futures Commission of Korea; professor of
economics at Seoul National University and the University of
Rochester. He has also been a frequent policy advisor to the
Government of Korea, including in the Office of the President, the
Ministry of Finance and Economy, the Bank of Korea, the Korea
Securities Depository, and the Korea Development Institute.
Mr. Rhee has published widely in the fields of macroeconomics,
financial economics, and on the Korean economy. He holds a Ph.D. from
Harvard University and an undergraduate honors degree from Seoul
National University, both in economics.