Glenn Robert Stevens AC (born 23 January 1958) is an Australian economist who was the Governor of the Reserve Bank of Australia from 2006 to 2016.

[citation needed] Early in 2008 Stevens announced an official interest rate rise by 50 basis points, predicting ongoing inflation pressures.

[5][6][7][8] 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 Stevens, had cut interest rates a total of 300 basis points, returning them to mid-2002 levels.

[9] 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" labour market as the justification for the historically low[10] official interest rates.