Rachel Lomax

Former Deputy Governor of the Bank of England

Rachel Lomax is a British economist who was the Deputy Governor of the Bank of England from 2003 until 2008. With her experience in the public and private sectors and a deep knowledge of UK government operations and financial system, Rachel joined the Board at HSBC in 2008, becoming a Senior Independent Director in 2015.

"An incredible role model"

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  • Monetary Policy
  • Risk and Liquidity in Financial Markets
  • Economic Outlook
  • Monetary Assessment
  • Money Market Operations


She presents in English.

How she presents

Rachel Lomax's powerful presentations reflect on her inspirational business journey in the public and monetary world.

In Detail

After graduating from Cambridge with an MA, Rachel obtained an MSc in Economics from the London School of Economics. Previous appointments of her extensive career include Deputy Governor, Monetary Stability, at the Bank of England (BoE) and a member of the BoE's Monetary Policy Committee; Permanent Secretary at the UK Government Departments for Transport and Work and Pensions and the Welsh Office; and Vice President and Chief of Staff to the President of the World Bank. Rachel is a non-Executive Director of Arcus European Infrastructure Fund GP LLP and Heathrow Airport Holdings Limited. Rachel is also the chairman of the International Regulatory Strategy Group and Director of TheCityUK, director of Bruegel, a Brussels-based European think tank and President of the Institute of Fiscal Studies amongst others.


Rachel Lomax has 40 years' financial experience, much of it gained at the heart of the British economy. Rachel's insight into monetary policy provides an incisive and enlightening view of the world we live in today. Her experiences gained throughout her career including her membership of the Monetary Policy Committee, where she had specific responsibility within the Bank for Monetary Policy, including monetary assessment and money market operations offers a unique perspective on economic matters.



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