MNI BRIEF: BOE Takes Pill As New Chief Economist

Huw Pill will be the next Bank of England Chief Economist, stepping into the role vacated by Andy Haldane, the central bank announced Wednesday. Pill, formerly Chief European Economist at Goldman Sachs, joins from a senior lecturer role at Harvard University. He has previously worked as an economist at the BOE, and held a senior positions at the European Central Bank and will take up a place on the Monetary Policy Committee.

Pill, highlighted by MNI back in April as one of the potential successors to Haldane (MNI INSIGHT: BOE's Tenreyro, Bell In Frame To Succeed Haldane), will start his new role on Sept 6, reporting to Deputy Governor Ben Broadbent. He will join incoming MPC member Catherine Mann as first-time voters at the Sept 23 meeting.

"His breadth of experience across monetary policy, economic research and financial markets will be invaluable to the Bank and the MPC," Broadbent said.