The government has appointed Alan Taylor as Jonathan Haskel’s replacement on the Bank of England’s ratesetting committee.
Taylor, a professor at Columbia University in New York who has advised some of the world’s largest financial institutions, will join the Bank’s monetary policy committee as an external member on a three-year term on September 2, meaning that he will participate in the Bank’s next interest rate decision.
Haskel, 61, also an external member, leaves after five years, having joined in September 2018.
Alan Taylor is joining Bank of England’s ratesetting monetary policy committee
Taylor, 59, will join a sharply divided MPC, with two groups forming based on how quickly they believe interest rates should fall and how stubborn inflation may be.
His view on interest rates is not entirely clear, although, in research published by the Federal
