Reported 12 months ago
Clare Lombardelli, who started her career as a junior macro-economist at the Bank of England before moving to the UK Treasury, is returning as deputy governor for monetary policy at a crucial time. She will likely have a significant role in the upcoming interest rates decision in August, with market pricing indicating a 50-50 chance of a rate cut. Lombardelli, who has never set monetary policy before, will be faced with critical responsibilities such as shaping inflation and growth forecasts and determining the bank's response to a review by Ben Bernanke. Her background in economics and experience in various governmental roles make her a key figure in shaping the future of the institution.
Source: YAHOO