Professor Silvana Tenreyro has been appointed by the Chancellor of the Exchequer as an external member of the Bank of England's Monetary Policy Committee (MPC).
Professor Tenreyro, who teaches macroeconomics and international economics at LSE, begins her three year term on July 7 and replaces Kristin Forbes. The MPC meets for one and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate).
Bank of England governor Mark Carney commented: “I am delighted to welcome Silvana Tenreyro to the Monetary Policy Committee and am very much looking forward to working with her. Her extensive and varied academic experience – on the monetary transmission mechanism, the dynamics of productivity, trade, housing issues as well as wage dynamics, to name just a few – will be invaluable to the Committee as it seeks to promote the good of the people of the United Kingdom through maintaining monetary stability.”
Sir Charles Bean, Professor of Economics at LSE and former Deputy Governor for Monetary Policy at the Bank of England, commented: "Silvana Tenreyro's appointment to the Bank of England's Monetary Policy Committee brings significant additional macroeconomic expertise, as well as sound judgement, to the Committee at a challenging juncture. She is a worthy addition to the long line of LSE faculty members, past and present, who have served on the Committee."
For further information please visit the Bank of England