Broadbent to replace Sentance on MPC
Ben Broadbent has been appointed to succeed Andrew Sentance as external member on the Monetary Policy Committee (MPC) from June 1, 2011.
Mr Broadbent has been the senior European economist at Goldman Sachs since 2000 and managing director since 2006.
Mr Sentance has been voting for a rise in interest rates since June last year.
Chancellor George Osborne, is quoted as saying: “I am delighted that Ben Broadbent has agreed to join the MPC. His broad professional experience in the financial sector and academia, as well as his detailed knowledge of the UK economy will be extremely valuable for the Committee.
The Chancellor also thanked Andrew Sentance for his four and a half years service.
March 11, 2011
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