Sir Dave Ramsden Joins BoE MPC Committee

July 27, 2017 Share Print 0

Senior Treasury civil servant Sir Dave Ramsden has been selected as the Bank of England’s new governor for markets and banking.

He replaces Charlotte Hogg, who resigned in March just two weeks into the job after failing to declare her brother worked for Barclays.

Sir Dave will also join the Bank’s Monetary Policy Committee (MPC), which sets interest rates.

He said he was “honoured” to be given the role, which he starts in September.

He added that he welcomed “the opportunity to contribute to the Bank’s mission to maintain monetary and financial stability, at such an important time for the UK economy”.

Given Sir Dave’s present job as chief economic adviser to the Treasury, his personal views on monetary policy are not clear.
Nomura economist George Buckley said: “He’s been very tight-lipped when it comes to monetary policy. Even on fiscal policy… he communicates the government’s and the [Office for Budget Responsibility’s] view.”

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.