Dr David Fowkes is the Adviser to the Governors and a member of the Monetary Policy Committee. Prior to his appointment as Adviser on 1 December 2023, he worked in the Financial Markets Department, where he led the reform of the Monetary Policy Implementation (MPC) Framework, which became operational in 2022.

Between 2013 and 2021, he worked in the Economic Research Department, where he edited the Bank’s flagship publication on monetary policy ‒ the biannual Monetary Policy Review, and provided analyses on domestic economic developments for MPC meetings.

Dr Fowkes was appointed as a member of the MPC from 12 January 2024.

He holds a Master’s degree from the University of the Witwatersrand and a Doctorate from the Johns Hopkins University School of Advanced International Studies, where he was a Fulbright Scholar.