Bank of Canada names new deputy governor, temporarily expanding governing council
|CTVnews 21 Jul 2021 at 12:09|
The bank says Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an advisor to former governor Stephen Poloz and current governor Tiff Macklem.
She also worked on the bank s monetary policy framework in 2016 when the Bank of Canada renewed its inflation-targeting agreement with the federal government, which will be renewed again later this year.
In a statement, Macklem says Kozocki will make an important contribution to deliberations by the bank s governing council and ensure the Bank of Canada takes "decisions based on diverse perspectives."
Her appointment brings the size of the bank s governing council back up to a full complement of six members, and is also the second hire in as many weeks after the bank named Carolyn Rogers as the new second-in-command starting in mid-December.
Once Rogers comes on the board, the central bank says in a statement that governing council "will temporarily consist of seven people," which it adds will allow for "smooth succession in the event of future retirements."