Published by Global Banking & Finance Review®
Posted on March 3, 2026
2 min readLast updated: April 2, 2026
Add as preferred source on GoogleIrish Central Bank Governor Gabriel Makhlouf has been reappointed on March 3, 2026, for a second seven‑year term starting in September. He will continue representing Ireland on the ECB Governing Council and is known for urging caution on spending and tax cuts.
DUBLIN, March 3 (Reuters) - Irish Central Bank Governor Gabriel Makhlouf was re-appointed by the government on Tuesday for a second term and to represent the country at the European Central Bank's governing council for another seven years.
Makhlouf, who took over the role in Dublin from current ECB chief economist Philip Lane in 2019, is considered a centrist or moderate on the 27-member governing council who rarely deviates from the mainstream view on monetary policy.
The former senior British civil servant and head of the New Zealand treasury has urged the Irish government throughout his first term to curb spending increases and tax cuts, with limited success.
"Mr. Makhlouf is eminently qualified to perform the role of Governor of the Central Bank and the Government was pleased to support his nomination for reappointment," Finance Minister Simon Harris said in a statement.
Makhlouf's second term will start in September.
(Reporting by Padraic Halpin; editing by William James and Bernadette Baum)
Gabriel Makhlouf has been reappointed as Ireland's Central Bank Governor.
His second term will last seven years, starting in September.
Gabriel Makhlouf represents Ireland at the European Central Bank's governing council.
He was a senior British civil servant and head of the New Zealand treasury.
Makhlouf has urged the Irish government to curb spending increases and tax cuts.
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