The Bank of Canada’s Board of Directors has appointed Michelle Alexopoulos as an external Deputy Governor for a two-year term effective 17 March 2025, bringing the size of the Bank’s Governing Council to seven members on an ongoing basis. As a member of the Governing Council, Alexopoulos will participate in monetary policy decision-making and in promoting a safe and efficient financial system, and will also help communicate the Bank’s policy decisions and outlook for the economy and inflation. The external Deputy Governor role, created in 2023 to add diverse perspectives to the Bank’s consensus-based process, is part-time; Alexopoulos will retain her affiliation with the University of Toronto. The first external Deputy Governor, Nicolas Vincent, was appointed effective March 2023 and his term has been extended to three years, and the Bank announced the creation of the second external Deputy Governor position in October 2024.
Bank of Canada 2025-02-11
Bank of Canada appoints Michelle Alexopoulos as second external Deputy Governor for two-year term starting 17 March 2025
The Bank of Canada appointed Michelle Alexopoulos as an external Deputy Governor for a two-year term starting 17 March 2025, expanding the Governing Council to seven members. Alexopoulos will engage in monetary policy decision-making and communication while maintaining her role at the University of Toronto. This part-time position, established in 2023 to enhance diverse perspectives, follows the extension of Nicolas Vincent's term as the first external Deputy Governor.