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MNI BRIEF: Dhingra Re-appointed To MPC Until Aug 2028

BOE MPC member Swati Dhingra re-appointed
Bank of EnglandCEEMEACentral Bank NewsPolicy NewsBriefUKStory
MNI (LONDON)

Independent Bank of England Monetary Policy Committee member Swati Dhingra, who has championed lowering the policy rate, has been re-appointed to the MPC for a further three-year term.

Her first term was due to end Aug 2025 and her second term will end Aug 2028. At the February MPC meeting Dhingra voted for a 50 basis point cut, which would have taken the rate to 4.25% rather than the 4.5% favoured by the majority.

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MNI (LONDON)

Independent Bank of England Monetary Policy Committee member Swati Dhingra, who has championed lowering the policy rate, has been re-appointed to the MPC for a further three-year term.

Her first term was due to end Aug 2025 and her second term will end Aug 2028. At the February MPC meeting Dhingra voted for a 50 basis point cut, which would have taken the rate to 4.25% rather than the 4.5% favoured by the majority.

Keep reading...Show less