Andy Haldane’s departure from the Bank of England opened up one of the most influential roles in guiding UK monetary policy — and that role has now been filled. Huw Pill has been announced as the BoE’s new chief economist, taking up the post from next Monday.
Some of the snap reaction is focusing on Pill’s similarities to those who came before him. Despite resources being poured into diversity teams to recruit a mix of applicants, it was Pill who was selected, a former Goldman Sachs economist and most recently a senior lecturer at Harvard Business School.
Pill won’t take kindly to ideas about reneging the Bank of England’s independence
But his ideology may prove very different from the other eight members of the Bank’s Monetary Policy Committee. Haldane became outspoken about his concerns over quantitative easing and ‘pouring the punch’ at the spending party towards the end of his time at the Bank.
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