The Bank of Canada is naming a longtime central banker as a new deputy governor beginning early next month.

The bank says Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser to former governor Stephen Poloz and current governor Tiff Macklem.

She also worked on the bank鈥檚 monetary policy framework in 2016 when the Bank of Canada renewed its inflation-targeting agreement with the federal government, which will be renewed again later this year.

In a statement, Macklem says Kozicki will make an important contribution to deliberations by the bank鈥檚 governing council and ensure the Bank of Canada takes 鈥渄ecisions based on diverse perspectives.鈥�

Her appointment brings the size of the bank鈥檚 governing council back up to a full complement of six members, and is also the second hire in as many weeks after the bank named Carolyn Rogers as the new second-in-command starting in mid-December.

Once Rogers comes on the board, the central bank says in a statement that governing council 鈥渨ill temporarily consist of seven people,鈥� which it adds will allow for 鈥渟mooth succession in the event of future retirements.鈥�

The Canadian Press

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