Rachel Lomax is a speaker and former government official who served as the Deputy Governor of the Bank of England from 1997 to 2003. Born on 28th January 1956, she studied economics at Oxford University. Lomax's career has been marked by significant contributions to public policy and financial regulation.
Lomax began her professional journey with the Treasury in 1978, rising to become Director General of Economic Affairs in 1994. In this role, she played a crucial part in shaping economic policy during the early years of Tony Blair's premiership. After leaving the Treasury, she joined the Bank of England, initially as Executive Director for Markets and later as Deputy Governor in 1997. During her time at the Bank of England, she oversaw the implementation of the euro-sterling exchange rate mechanism and helped manage the bank's response to the dotcom bubble.
Following her departure from the Bank of England, Lomax served as a non-executive director of the Financial Services Authority (FSA) from 2004 to 2008. She also sat on the UK Statistics Authority from 2008 to 2012. Additionally, she has been involved with organizations such as the European Central Bank, the International Monetary Fund, and the World Bank.
Lomax has been recognized for her expertise in economics and finance, receiving various awards and honors, including the Commander of the Order of the British Empire (CBE) in 2003 for services to the economy. Despite her many accomplishments, Lomax remains modest about her achievements, attributing them to her education and experience rather than any inherent talent.
Today, Lomax remains active in the field of economics and finance, speaking at events and contributing to public discourse on these topics. Her legacy includes shaping economic policy during critical periods in British history and helping establish regulatory frameworks that have influenced global financial markets.
