Paul Fisher reappointed to MPC

Markets executive director Paul Fisher has been reappointed as a member of the Bank of England’s Monetary Policy Committee for a further three-year term.

The reappointment will take effect from May 31, when Fisher’s current term expires.

He was rehired to the committee by Mervyn King, governor of the Bank of England, following a consultation with the chancellor of the exchequer.

The news comes after three members of the MPC voted for a base rate increase in February, with Spencer Dale joining the dissenting voices of Martin Weale and Andrew Sentence.