The Bank of England (BoE) has announced the appointment of Huw Pill as chief economist and executive director for monetary analysis.

The move will also see Pill become a member of the Bank’s Monetary Policy Committee (MPC), which sets monetary policy to meet the Bank’s 2% inflation target.

Pill joins the BoE from Harvard Business School, where he has been a senior lecturer since 2018. He had previously been chief European economist at Goldman Sachs, prior to which he held a series of senior posts at the European Central Bank. Huw has previously worked for the Bank as an economist (1990-1992).

He commented: “It is a great privilege to rejoin the Bank and have the opportunity to contribute to the work of the MPC and the Bank more broadly at what remains a challenging time for monetary policy and central banking.”

The BoE also confirmed that Pill will report to the deputy governor for monetary policy, Ben Broadbent, and will start the new role on 6 September.

Broadbent added: “I am delighted about the appointment of Huw Pill as the Bank’s new chief economist. His breadth of experience across monetary policy, economic research and financial markets will be invaluable to the Bank and the MPC.”

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