The Court of the Bank of England has appointed Huw Pill as Chief Economist and Executive Director for Monetary Analysis. Huw will also become a member of the Monetary Policy Committee.
Huw joins the Bank of England from Harvard Business School, where he has been senior lecturer since 2018. He had previously been Chief European Economist at Goldman Sachs, prior to which he held a series of senior posts at the European Central Bank. Huw has previously worked for the Bank as an economist (1990-1992).
Huw will report to the Deputy Governor for Monetary Policy, Ben Broadbent. He will start his role at the Bank of England on 6 September.
Ben Broadbent, Deputy Governor, said: “I am delighted about the appointment of Huw Pill as the Bank’s new Chief Economist. His breadth of experience across monetary policy, economic research and financial markets will be invaluable to the Bank and the MPC.”
Andrew Bailey, Governor, said: “Huw will make a major contribution to monetary policy – and to the broader work of the Bank. I greatly look forward to working with him.”
Huw Pill said: “It is a great privilege to rejoin the Bank and have the opportunity to contribute to the work of the MPC and the Bank more broadly at what remains a challenging time for monetary policy and central banking.”
Notes for editors
1. This role was advertised internally and externally. The Bank of England also engaged an executive search firm (Audeliss) to support this process. Candidates were interviewed by a panel consisting of Ben Broadbent, Deputy Governor Monetary Policy, Dave Ramsden, Deputy Governor Markets & Banking, Colette Bowe, Financial Policy Committee Member and Jane Cathrall, Executive Director People & Culture. Shortlisted candidates were then interviewed by the Governor, Andrew Bailey, and Ben Broadbent before the final selection was submitted to the Bank’s Court for approval.
2. The appointment of Chief Economist and Executive Director is made by the Court of the Bank of England. In accordance with Section 13(3)(a) of the Bank of England Act 1998, the Governor consulted the Chancellor of the Exchequer on the appointment of the new Chief Economist to the MPC.