Rhys R. Mendes was appointed Managing Director of the International Economic Analysis Department (INT), effective November 1, 2017. In this capacity, he is responsible for the management and strategic direction of the department, which includes providing rigorous and timely analysis of global economic conditions as well as advice on the conduct of monetary policy and international policy issues.
Mr. Mendes joined the Bank of Canada in 2004. Four years later, he was appointed Assistant Chief of the Canadian Economic Analysis Department (CEA) where he led the team responsible for the development of ToTEM II, an updated version of the Bank’s main macroeconomic model. In 2011, he became Director of Policy Analysis in INT, where he represented Canada at G20 meetings and other international forums. He was then appointed Deputy Chief of CEA in 2013. Prior to his current role, Mr. Mendes was Managing Director of Economic and Financial Research, working with the analytic departments to develop and execute a leading-edge research work plan to support all of the Bank’s policy functions.
Throughout his career, Mr. Mendes has contributed to the Bank’s research on the monetary policy framework and 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.
