Swati Dhingra, a strong critic of Brexit, was named by the Treasury yesterday as the newest member of the Bank of England’s rate-setting monetary policy committee.
Dhingra, 41, an associate professor of economics at the London School of Economics, will join the nine-person committee in August, succeeding Michael Saunders, who is stepping down after six years. She will receive a salary of £156,500 for a three-day week.
Her appointment comes at a critical time for the committee, which critics argue has lost control of inflation and may come under pressure to raise borrowing costs further even as the cost of living squeeze intensifies. Dhingra also arrives as the Bank may have to start reversing its gigantic money-creating stimulus programme.
The Bank last week raised that