Learn about Glenn Stevens’s salary, net worth, age, wife, children, height, family, parents and other pertinent information.
Glenn Stevens is an Australian economist who was the Governor of the Reserve Bank of Australia from 2006 to 2016. His average salary as a Governor was approximately $20,000+.
| Name | Glenn Stevens |
| Net Worth | $5 million |
| Occupation | Former Governor |
| Age | 64 years |
| Height | 1.71m |
| Salary | $20,000+ |
Glenn Robert Stevens AC was born on January 23, 1958 (age 64 years) in Sydney, Australia. He hasn’t disclosed the information related to his parents and siblings He graduated from the University of Sydney in 1979 with a Bachelor of Economics, with first-class honors. He subsequently graduated from the University of Western Ontario with a Master of Arts.
He was awarded honoris causa a Doctorate of Laws from the University of Western Ontario in 2014. However, after holding various positions in the Bank prior to 1990, he accepted a position as Visiting Scholar at the Federal Reserve Bank of San Francisco.
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Stevens held positions in the Reserve Bank of Australia, as Head of the Economic Analysis Department, the Head of the International Department, and was Assistant Governor (Economic) from 1996 to 2001, prior to his appointment as Deputy Governor in December 2001.
Following the September 2006 retirement of Ian Macfarlane, who served as Governor for ten years, Stevens was appointed to replace Macfarlane. Stevens has demonstrated a commitment to the style of operation of the Reserve established under Macfarlane including its independence from the direct influence of government, the 2-3% inflation target over the course of the economic cycle, and the accountability of the Reserve when the decision is made to change interest rates.
Early in 2008, Stevens announced an official interest rate rise by 50 basis points, predicting ongoing inflation pressures. This drew strong criticism from The Daily Telegraph. As the Global financial crisis of 2008–2009 progressed, Stevens announced large cuts to the official rate.
By the end of 2008, the Reserve Bank board, chaired by Glenn Stevens, had cut interest rates a total of 300 basis points, returning them to mid-2002 levels. By August 2013, interest rates had been cut to 2.5%, with the RBA monthly meeting minutes citing domestic economic growth below long-term trends, the relatively high value of the Australian dollar, and the “subdued” labor market as the justification for the historically low official interest rates.
In May 2016 the RBA lowered the cash rate to 1.75%. The RBA stated that inflation has been unexpectedly low, due to low growth in labor costs and very low-cost pressures elsewhere in the world; which justified lowering the cash rate to historically low levels.
Stevens is a professing Christian and plays the guitar at his local Baptist Church. Stevens once said: “if you’re a Christian, God has given you certain capabilities to do a job, to earn a living. The Bible teaches that you should do that as if you were doing that for Him because you are, and that’s my attitude.” Read: Philip Lowe’s net worth
Glenn Stevens has spent most of his life living in the Sutherland Shire and lives in Sylvania Waters. He is also a recreational pilot with Commercial Pilot Licence (CPL) and Command Instrument Rating (CIR). He owns a Beechcraft Baron G58. Glenn flies for the charity organization Angel Flight.
In 2016 Stevens was appointed Companion of the Order of Australia for eminent service to the financial and central bank sectors through leadership roles, to the implementation of innovative monetary and economic policy, international financial regulation, and to the community.
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What is Glenn Stevens’s net worth? The net worth of Glenn Stevens is approximately $5 million. His primary source of income is his career as an economist. Glenn Stevens’s average salary per month as Governor with other career earnings was over $450,000 dollars annually. He is one of the richest and most influential economists in Australia. His successful career has helped him to afford some luxurious lifestyles and some fancy car trips.