Glenn Stevens

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Glenn Stevens, 48, is governor of the Reserve Bank of Australia.

Stevens was born in Sydney in 1958. He was educated at the University of Sydney where he received a first class honours degree in economics. He subsequently obtained a Masters Degree from the University of Western Ontario.

After holding various positions in the Bank prior to 1990, he accepted a position as Visiting Scholar at the Federal Reserve Bank of San Francisco.

Subsequently, Stevens has held positions as Head of the Economic Analysis Department, the Head of the International Department, and was Assistant Governor (Economic) from 1996 to 2001, prior to his appointment as Deputy Governor in December 2001.

He replaced Ian Macfarlane who retired in September 2006, after 10 years as governor of the Reserve. Glenn is committed to the style of operation of the Reserve established under Ian Macfarlane; the independence of the Reserve, the 2-3% inflation target over the course of the economic cycle, and the accountability of the Reserve when the decision is made to change interest rates.

The Federal treasurer, Peter Costello has announced that Stevens will have a 7 year term, starting on September 18, 2006.

Stevens is a committed Christian, and plays the guitar at his local Baptist Church. He has spent most of his life living in the Sutherland Shire.

[edit] External Links

• Transcript of Glenn Stevens' speech on economic conditions and prospects 2006 Address to the Australian Business Economists and the Economic Society of Australia (NSW Branch) Annual Forecasting Conference Dinner.