Clare Lombardelli named next Bank of England deputy governor for monetary policy

Succeeds Ben Broadbent

Chancellor of the Exchequer Jeremy Hunt has appointed Clare Lombardelli to succeed Ben Broadbent as the next Bank of England deputy governor for monetary policy.

She will take on the role from 1 July 2024 for a five-year term, succeeding Broadbent's ten years in the role. Andrew Bailey: No need for inflation to come back to 2% target before cutting rates Lombardelli will be responsible for overseeing the formulation and implementation of UK monetary policy and lead the BoE's research, data and analytics.  She will also become a member of the Monetary Policy Committee and will lead the central bank's response to the publication of Ben Bernanke's review of the BoE's forecasting process, alongside the creation of a new data and analytics strat...