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Just a reminder that at 16:30BST/09:30ET, the Treasury Select Committee will begin the Appointment Hearing for new MPC member Dr Catherine Mann. This will follow on from a similar session for Sarah Breeden on her appointment to the FPC.

  • Recall that Catherine Mann is not due to start her tenure on the MPC until 1 September, so she will not be eligible to participate in the August MPR forecast round or to vote at the August MPC meeting.
  • Her previous role was as the Global Chief Economist at Citibank, who have long held relatively bearish views about both the global and UK economy. However, her direct views on the UK are largely unknown so any comments she gives will be closely watched.
  • Dr Mann will replace Gertjan Vlieghe on the MPC as his term expires at the Bank at the end of August.
  • There is also another unfilled vacancy on the MPC after Chief Economist Andy Haldane left the Bank at the end of June. There are currently no updates on when his replacement will be named.