Ben Broadbent will replace Andrew Sentance on the BOE MPC starting from the first of june. Ben was a fullbright scholar at Harvard university where he completed his PHD after attained a first degree from Cambridge.
Ben replaces Chief hawk Andrew Sentance who completed two terms on the MPC. Andrew will still be voting on the May meeting of the MPC where the rates are expected to be adjusted upwards to combat inflation.
Ben proposes alternative views on the measure of GDP and contests the view that Government cutbacks will hinder the growth of the Economy.
Broadbent will join Posen, Weale and David Miles as the fourth external member in the rate-setting panel. Governor Mervyn King, Paul Tucker, Charles Bean, Paul Fisher and Dale are internal members.
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