Chief
Rhys R. Mendes was appointed Chief of Economic and Financial Research, effective June 2016. In this capacity, he works with policy department chiefs, research directors and their departmental teams to develop and execute a leading-edge research work plan to support all of the Bank of Canada’s policy functions.
Mr. Mendes joined the Bank in 2004 as an Economist in what was formerly the Monetary and Financial Analysis Department. In December 2005, he moved to the Research Department, now Canadian Economic Analysis (CEA). He became an Assistant Chief of that department in November 2008, leading the team responsible for the development of ToTEM II, an updated version of the Bank’s main macroeconomic model. In June 2011, Mr. Mendes was appointed Director of Policy Analysis in the International Economic Analysis Department, where his duties included representing Canada at G20 meetings and other international forums. Before his current role, he was Deputy Chief of CEA, a position he was appointed to in 2013.
Throughout his career, Mr. Mendes has contributed to the Bank’s research on the monetary policy framework. He is regularly consulted by foreign central banks on framework design issues. In March 2006, Mr. Mendes was on secondment to the International Monetary Fund as an advisor to the Indonesian central bank.
Born in Richmond Hill, Ontario, Mr. Mendes holds a PhD in economics from the University of Toronto.