New BoE Policy Maker Hogg Grilled By Lawmakers

The Bank of England’s newest deputy governor came under criticism from lawmakers on Tuesday for sticking too closely to the central bank’s orthodoxy and faced tough questions about her family’s links to the banking industry.

Charlotte Hogg, who was named to sit on the BoE’s most powerful policymaking committees this month, was challenged by lawmakers to show how she would be independent from established BoE thinking.

Currently the Bank’s chief operating officer, Hogg joins the Monetary Policy Committee (MPC) at a critical juncture for Britain’s economy ahead of its divorce with the European Union.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.