Philip Lowe is an Australian economist who has been serving as the governor of the Reserve Bank of Australia (RBA) since 2016. He was born on October 4, 1961, in Wagga Wagga, New South Wales.
Lowe grew up in Boorowa and later attended the University of New South Wales, where he received a Bachelor of Commerce degree with first-class honors in 1980. In 1984, he earned a Ph.D. in economics from the Massachusetts Institute of Technology (MIT).
Lowe began his career at the RBA in 1980 as a research officer in the Economic Research Department. He was appointed as the head of the Economic Research Department in 1992 and became the assistant governor (economic) in 2000.
In this role, he was responsible for the RBA’s economic analysis and forecasting, as well as its monetary policy and domestic market operations.
In 2003, Lowe left the RBA to become the head of the Economic Analysis Department at the Bank for International Settlements (BIS) in Basel, Switzerland.
Here, he was responsible for analyzing economic developments in the major industrial countries and advising central banks on monetary policy and financial stability issues.
Lowe returned to the RBA in 2012 as the deputy governor. In this role, he was responsible for the RBA’s operations in financial markets, as well as its banking and payments systems.
He also represented the RBA on the Council of Financial Regulators, which is responsible for coordinating the regulation and supervision of the financial system in Australia.
In September 2016, Lowe was appointed as the governor of the RBA, succeeding Glenn Stevens. As governor, he is responsible for the RBA’s monetary policy, financial stability, and payments system operations. He is also a member of the Council of Financial Regulators and the Reserve Bank Board, which is responsible for setting the RBA’s monetary policy.
Under Lowe’s leadership, the RBA has implemented a range of monetary policy measures, including cutting interest rates to a record low of 0.1% and implementing a quantitative easing program to purchase government bonds. These measures were taken in response to the COVID-19 pandemic, to support the Australian economy.
Lowe has been a strong advocate for structural economic reforms in Australia. In a speech in 2019, he argued that the country needed to address issues such as productivity growth, education and training, and infrastructure investment in order to sustain economic growth in the long term.
Apart from his role at the RBA, Lowe is a member of the Financial Stability Board and the Bank for International Settlements’ Committee on the Global Financial System.
He has also served as a member of the Australian Council of Social Service’s board of directors and the Council of Economic Advisers to the Australian Treasurer.
Lowe has received numerous awards and honors for his contributions to economics and public service.
In 2014, he was awarded the Distinguished Alumni Award from the University of New South Wales, and in 2019 he was made a Companion of the Order of Australia for his services to the development of public policy, particularly in the areas of central banking and financial regulation.
Philip Lowe Children: Does Philip Lowe Have Kids?
Yes, According to Wikipedia, Philip have 3 children, we do know his wife is Jocelyn Parker, However we do not have information on his children to share.