Key economic adviser,known for helping hold UK out of euro, replaces Charlotte Hogg and will hold seat on MPCPhilip Hammond has filled the emptiness on the Bank of England’s interest rate setting committee left by the departure of Charlotte Hogg, and following the appointment of Sir David Ramsden as the central bank’s new deputy governor.
The chancellor said Sir David,who is the Treasury’s chief economic adviser, would take up the role as deputy governor of markets and banking, or making him Threadneedle Street’s eyes and ears on the banking sector while also giving him a position on the nine-strong monetary policy committee (MPC).
Continue reading...
Source: theguardian.com