Broadbent to replace Sentance on MPC
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Ben Broadbent has been appointed to succeed Andrew Sentance as external member on the Monetary Policy Committee from June 1 2011.
Broadbent has been senior European economist at Goldman Sachs since 2000 and managing director since 2006.
Sentance has been voting for a rise in interest rates of 0.25% since June last year.
Chancellor George Osborne, says: “I am delighted that Ben Broadbent has agreed to join the Monetary Policy Committee. His broad professional experience in the financial sector and academia, as well as his detailed knowledge of the UK economy, will be extremely valuable to the Committee.”
The Chancellor also thanked Andrew Sentance for his service on the Monetary Policy Committee since 2006. Andrew’s more than four and a half years on the MPC come to an end on 31 May 2011.
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