Rachel Lomax is a British economist and a former government official who served as Deputy Governor of the Bank of England, sitting on the Monetary Policy Committee. She has experience in the public and private sectors, plus a deep knowledge of the operations of the UK government and financial system. As the World Bank’s first female deputy governor, she has been involved with numerous institutions such as Economic and Domestic Secretariat at the Cabinet Office. Before arriving at the Bank, she was permanent secretary in turn at the Welsh Office, the Department of Social Security, and the Department of Transport, and the Principal Private Secretary to the Chancellor of the Exequer Niger Lawson. Furthermore, she became an independent non-executive director of HSBC Holdings while also being a director at the Royal National theatre. She received an honorary degree from University of Glasgow and has also attended Cheltenham Ladies’ College, Girton College, Cambridge, and the London School of Economics.
