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News > Politics

New member to join the Monetary Policy Committee

Martin Greenland | 14:15 Friday 1st June 2018

Professor Jonathan Haskel has been appointed as an external member of the Bank of England’s Monetary Policy Committee.

Professor Haskel’s appointment is for a three-year term, which will take effect from 1st September 2018, as he replaces Ian McCafferty, who’s second term comes to an end on 31st August 2018.

The announcement was made yesterday (31st May) by Philip Hammond, chancellor of the exchequer,

who said that he was delighted that Professor Haskel was joining the MPC.

“I am confident that his expertise in productivity and innovation will further sharpen the committee’s understanding of the British economy.

“I also want [to] thank Ian McCafferty for his six years of service.

“His insights from business have been invaluable and I wish him well for the future.”

“His broad academic experience and the depth of his knowledge on productivity and innovation will be hugely valuable to the committee as we seek to promote the good of the people of the United Kingdom by maintaining monetary stability.”Mark Carney, governor at the Bank of England, added: “I am delighted to welcome Jonathan Haskel to the Monetary Policy Committee and am very much looking forward to working with him.

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