New Deputy Governor of the Central Bank of Malta appointed

Rita Schembri has been appointed as Deputy Governor Monetary Policy of the Central Bank of Malta for a period of five years, with effect from 14 January 2026. 

She replaces Alexander Demarco, who became Central Bank Governor at the start of the year.

A CBM statement said that prior to her appointment, Schembri served since 2018 as Head of the Economic Analysis Department of the Bank, responsible for directing the analysis of economic developments in Malta and in the euro area for the Bank’s main economic publications, coordinated economic projection exercises, including those for public finances, the Business Dialogue Survey, and until recently responsible for the Household Finance & Consumption Survey. Previously, since 2011, she was a Manager in such Department.

For several years, she was one of the Bank’s representatives on the European Central Bank’s Monetary Policy Committee and, prior to that, some of its substructures, notably those responsible for fiscal and macroeconomic projections. She represented the Bank on local fora, including the Malta Statistics Authority and the Building Industry Consultative Council, and is also the Bank’s alternate member on the Malta Council for Economic and Social Development.

She joined the Bank in 1999 as a research economist in the Governor’s Office, later External Relations Office. In this capacity, she supported senior management on Malta’s representation in international financial institutions, including the International Monetary Fund and the European Bank for Reconstruction and Development.

Schembri holds a B.Com. (Hons) degree in Economics from the University of Malta and a Master of Science degree in Financial Economics from the Centre for Financial and Management Studies, as part of SOAS, University of London, UK.