US economist Megan Greene to join Bank England’s rate-setting panel

American economist Megan Greene will join Bank England’s interest rate panel this summer

An American economist will join the Bank of England interest rate panel this summer.

Megan Greene, global chief economist at Kroll, will succeed Silvana Tenreyro on the monetary policy committee in July.

Chancellor Jeremy Hunt said her “broad experience in financial markets and the real economy will bring valuable new expertise to the MPC.”

Experience: Megan Greene (pictured), chief global economist at Kroll, succeeds Silvana Tenreyro on the monetary policy committee in July

Bank Governor Andrew Bailey added: “She brings significant experience from her work in financial services and academia and we will greatly benefit from her contributions to our policy discussions.”

Greene was global chief economist at Manulife Asset Management and is a senior fellow at Brown University in Rhode Island and UK think tank Chatham House.

Tenreyro, a professor at the London School of Economics, joined the MPC in July 2017 and will soon complete her second three-year term, the maximum for an outside member of the committee.

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