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Finance minister Philip Hammond has appointed academic economist Jonathan Haskel as the latest external member of the rate-setting committee of the Bank of England.
Haskel, a professor of economics at Imperial College Business School in London, will replace Ian McCafferty.
The expert on productivity growth will serve a three-year term as an external member of the MPC starting from September 1, the Treasury added.
“I am delighted that Professor Haskel is joining the MPC,” Hammond said in a statement today, adding: “I am confident that his expertise in productivity and innovation will further sharpen the Committee’s understanding of the British economy.”