Beyond Currency

02 September 2021 - Diversity takes a back seat as ex-Goldman economist takes over at BoE


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"The Bank of England’s new Chief Economist comes from a tried and tested background in the City of London.
Huw Pill follows ex-Goldman Sachs colleagues Mark Carney and Ben Broadbent on a well-trodden path to Threadneedle Street.
It had been suggested that the Bank was looking into a more diverse hire. Since Andrew Haldane announced in April that he would be leaving his post, BoE Governor Andrew Bailey had said how keen he is to tackle the lack of racial inequality at the institution, but in the end nothing has really changed.
The Bank of England’s new Chief Economist comes from a tried and tested background in the City of London.
Pill is believed to be on the hawkish side of monetary policy and will start next week. He is a far more conventional economist than his predecessor and will bring a more conservative, less unconventional view to the MPC
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