Jonathan Haskel, a professor of economics at Imperial College Business School, will join the Bank of England’s Monetary Policy Committee in September, the Treasury said Thursday.
Haskel will replace replace Ian McCafferty, known for voting for tighter policy. Haskel will be appointed for a three-year term, which will start on Sept. 1, according to the Treasury. He has expertise in productivity growth, and received his PhD from the London School of Economics.
“I am delighted to welcome Jonathan Haskel to the Monetary Policy Committee and am very much looking forward to working with him,” BOE Governor Mark Carney said in a statement. “His broad academic experience and the depth of his knowledge on productivity and innovation will be hugely valuable to the Committee.”
The appointment may undercut the BOE’s diversity goals. The central bank has been trying to increase the number of women in high-profile roles. With just one female rate-setter currently, Haskel’s appointment could be seen as a missed opportunity.
Four women and one man were shortlisted for the interview.
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