Logo
29th-Jul-2017

Bank of England appoints new Deputy Governor

By AFP, London


The Bank of England has picked senior civil servant and Treasury veteran Sir Dave Ramsden as its new deputy governor for markets and banking, it said Thursday.
The appointment of Ramsden, 53, brings the British central bank's interest rate-setting Monetary Policy Committee back to its full complement of nine members.
Ramsden, who led government work on whether Britain should join the euro at the turn of the century, has been a Treasury representative at MPC meetings for a decade.
"I am honoured to be joining the Bank and to be given the opportunity to contribute to the Bank's mission to maintain monetary and financial stability, at such an important time for the UK economy," said Ramsden, who will take up his role in September.
Back in March, the BoE's previous deputy governor, Charlotte Hogg, resigned after failing to declare that her brother worked for commercial banking giant Barclays. She stepped down just two weeks into the job.
Sir Dave joined the civil service in 1986, subsequently joining the Treasury in 1988 and currently acts as its chief economic adviser.