New BoE Policy Maker Hogg Grilled By Lawmakers

February 28, 2017 Share Print 0

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

Senior Market Analyst - UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.