BoE: Dave Ramsden adds monetary insight
- Dave Ramsden will fill the vacant BoE seat of Deputy Governor for Markets and Banking from 4 September. Having sat in on MPC meetings for many years under King and Carney, he is well versed in the debate and its evolution.
- While serving as Chief Economist at the Treasury (and head of the government economic service), Dave has clearly and candidly communicated the government’s position on a broad range of issues. He may become the first Deputy Governor outside of the monetary policy seat to express distinctive monetary policy views.
- There are now no women on the FPC and only one on the MPC. This fact does not look good for the BoE but Dave is no less qualified as a result. Splitting the COO function back out to a new female appointee makes little difference.
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