Is this committee in any way fit for purpose? No “Real business” experience

All Academics or Bank civil servants with almost no commercial (real private business) experience, no CEO’s (or Ex) of major Corporate institutions, no entrepreneurs? 

Can we rely on these people to be knowledgable about the country’s needs for competative interest rates?

Why is it that The EU’s ECB rate is 2% where as the BOE rate is 100% more at 4%?

Can our UK Company’s compete with Europe’s companies with a base rate 10% higher than the EU’s?

Why are bank shares at all time high’s (in USA and UK) because of the Fed and BOE decision to keep rates artificially high.

Given the above does anybody believe the BOE is independent and unbiased in setting interest rates, as it claims ? 

MPC members as of Nov 2025 and their CV’s 

According to the Bank of England’s website, the MPC has nine voting members: Bank of England+2Bank of England

Here they are:
1. Andrew Bailey — Governor of the Bank of England Bank of England

Career Banker!

Sarah Breeden — Deputy Governor, Financial Stability Bank of England
Career Path
• Breeden joined the Bank of England in 1991, early in her career. 
• Over the years, she has held a variety of senior roles:
o Executive Director for International Bank Supervision: responsible for supervising international banks operating in the UK. Bank of England+1
o Executive Director for UK Deposit Takers Supervision (2019–2021): overseeing UK banks, building societies, and credit unions. Santander+1
o Executive Director for Financial Stability Strategy & Risk: prior to her Deputy Governor role. Santander
• She also played a role in the Bank’s response during the 2007–08 financial crisis, contributing to market operations and risk management. Bank of England
• She helped lead the transition of regulatory responsibilities from the Financial Services Authority (FSA) to the Bank of England’s Prudential Regulation Authority (PRA). Bank of England

Clare Lombardelli — Deputy Governor, Monetary Policy Bank of England
Career of Clare Lombardelli
1. Education
o BA in Philosophy, Politics and Economics (PPE) from Magdalen College, Oxford. Wikipedia
o MSc in Economics from the London School of Economics (LSE). Bank of England
2. Early Career
o She began her career at the Bank of England. Bank of England+1
o Worked as a technical adviser at the International Monetary Fund (IMF). GOV.UK
3. HM Treasury
o Joined HM Treasury and held various roles from 2005 onwards. GOV.UK
o Private Secretary for Economic Affairs to the Prime Minister. GOV.UK
o Principal Private Secretary to the Chancellor of the Exchequer. GOV.UK
o Deputy Director for Labour Market Policy. GOV.UK
o In 2018, appointed Director General, Economics & Chief Economic Adviser to the Treasury. GOV.UK
o As Chief Economic Adviser, she was joint head of the Government Economic Service (GES). GOV.UK+1
4. OECD
o In January 2023, she was appointed Chief Economist at the Organisation for Economic Co-

Sir Dave Ramsden — Deputy Governor, Markets & Banking Bank of England
Early Life & Education
• Born on 9 February 1964. Wikipedia+2Bank of England+2
• He studied Philosophy, Politics and Economics (PPE) at Brasenose College, Oxford. Bank of England
• He completed an MSc in Economics at the London School of Economics (LSE). Bank of England
Civil Service and Treasury Career
• Ramsden joined the UK Civil Service in 1986. Bank of England
• He worked in a variety of senior roles in HM Treasury between the late 1980s and 2007. Wikipedia+2Bank of England+2
• 1999–2003: He was Director in the Treasury and led the work on whether the UK should join the euro. Bank of England+1
• 2003–2006: He worked on tax policy and public finances in the Treasury. Wikipedia+1
• 2007–2017: He became Chief Economic Adviser at the Treasury and Head of the Government Economic Service (GES). Bank of England+2Wikipedia+2
o As part of this, he advised on macroeconomic policy, debt management, and was the Treasury’s point person for the Bank of England’s Monetary Policy Committee (MPC). Bank of England
o He also chaired the Treasury’s Fiscal Risks Committee. Bank of England
o He provided leadership during the financial crisis, contributing to the Treasury’s macroeconomic response. Bank of England
• He was also involved in the Treasury’s analysis of Brexit and of Scottish independence. Bank of England
• During his time at the Treasury, he was a Diversity Champion, leading the Diversity & Inclusion board.

Huw Pill — Chief Economist & Executive Director, Monetary Analysis Bank of England Career of Huw Pill
2. Education
3. BA (Hons) – University College, Oxford. Wikipedia+1
4. MA and PhD in Economics – Stanford University. Bank of England+1
5. Early Career
6. Started his career at the Bank of England, working as an economist in the Economics Division (Monetary and Exchange Rate Policy) from 1990 to 1992. Bank of England+1
7. Then moved into academia: lecturer / professor roles at Harvard Business School:
8. Assistant Professor (1995–98) Bank of England
9. Associate Professor (2001–04) Bank of England
10. Returned later (2019–21) as Senior Lecturer. Bank of England
11. European Central Bank (ECB)
12. In 1998–2001: Head of the Strategic Policy Issues Unit, Monetary Policy Strategy Division. Bank of England
13. 2004–2009: Head of its Monetary Policy Stance Division, Directorate General Economics. Bank of England
14. 2009–2011: Deputy Director General of Research at the ECB. Bank of England+1
15. Goldman Sachs
16. 2011–2018: Chief European Economist at Goldman Sachs. Bank of England
17. Also served as a Partner / Managing Director in their European Economics team. Bank of England
18. Return to Academia
19. After Goldman Sachs, he went back to Harvard Business School (as noted above) for a second stint (2019–21). Bank of England
20. Bank of England – Current Role
21. In September 2021, appointed Chief Economist and Executive Director for Monetary Analysis & Research at the Bank of England. Bank of England+1
22. He also became a member of the Monetary Policy Committee (MPC). Bank of England
23. In August 2024, he was reappointed to the MPC for a second term, extending his role to 5 September 2027. Bank of England+1
24. As Chief Economist, he leads the analysis and research that underpin the Bank’s monetary policy decisions. Bank of England
25. Research & Publications
26. He has written on central banking frameworks, especially after the financial crisis. Harvard Business School
27. His academic work spans macroeconomics, monetary policy, and open economy issues.


Dr Swati Dhingra — External MPC member Bank of England+1

Career of Dr Swati Dhingra
1. Education
o Undergraduate degree from the University of Delhi. Wikipedia+1
o MA from the Delhi School of Economics. Bank of England
o MS and PhD in Economics from the University of Wisconsin–Madison. Bank of England+1
o Post-doctoral fellowship at Princeton University. LSE+1
2. Academic Career
o Associate Professor of Economics at the London School of Economics (LSE). Bank of England
o Associate of the Centre for Economic Performance (CEP) at LSE. LSE
o Research interests: international economics, trade policy, industrial organisation, globalisation, and firm level trade dynamics. LSE+1
o Editorial roles: serves on the editorial boards of Journal of International Economics and Review of Economic Studies. Bank of England+1
o She is also Director of the Review of Economic Studies (from 1 January 2023). Bank of England+1
3. Policy & Public Roles
o External Member of the Bank of England’s Monetary Policy Committee (MPC). Bank of England+1
 First appointed in May 2022, term from 9 August 2022. Bank of England
 Reappointed in February 2025 for a second term (to 8 August 2028). Bank of England+1
o Member of the UK’s Trade Modelling Review Expert Panel. LSE
o Part of the LSE Economic Diplomacy Commission. Bank of England+1
o Director roles: Royal Mint Museum. LSE+1
o Steering group member for Economy 2030 Inquiry. Bank of England
o Elected to the Council of the Royal Economic Society (2021). The Economic Times
4. Research & Recognition
o Her research has been funded by a variety of major institutions: ESRC, ERC, IGC, UKRI, etc. LSE+1
o She won the ONS Research Excellence People’s Choice Award in 2019. LSE
o Her academic work has influenced public policy, especially in trade and Brexit contexts. India Today+1
o She has published in top journals, and her work on firms, trade, and globalization is well-regarded.

Megan Greene — External MPC member Bank of England
Career of Megan Greene
1. Education
o BA in Political Economy from Princeton University. Wikipedia+2cfamontreal.org+2
o MSc in International / European Studies from Oxford University, Nuffield College. Wikipedia+2cfamontreal.org+2
2. Early Career & Consulting
o She ran her own London-based economics consultancy, Maverick Intelligence, advising governments, corporates, and financial institutions on macro, political, and policy trends. Harvard Kennedy School+2BoardDocs+2
o Before that, she worked at Roubini Global Economics as Director of European Economics. Kroll+1
o She was also an “euro crisis expert” at the Economist Intelligence Unit. cfamontreal.org+1
3. Asset Management / Financial Services
o She worked as Global Chief Economist at John Hancock / Manulife Asset Management. Chatham House+2Harvard Kennedy School+2
o In September 2021, she joined Kroll as Global Chief Economist. Kroll+1
4. Academia / Think Tanks
o Senior Fellow at the Watson Institute for International and Public Affairs, Brown University. Bank of England+1
o Associate Fellow at Chatham House, working in the Global Economy & Finance Programme. Chatham House
o Senior Fellow at the Mossavar Rahmani Center for Business & Government, Harvard Kennedy School (past role). Kroll
o She has taught / lectured at various institutions, including London Business School and others. GOV.UK+1
5. Monetary Policy Involvement
o In April 2023, Megan Greene was appointed as an external member of the Bank of England’s Monetary Policy Committee (MPC). GOV.UK
o Her first term started on 5 July 2023. Bank of England
o She was reappointed for a second term, extending to 4 July 2029. GOV.UK
6. Other Roles & Affiliations
o Board / advisory roles:
 Academic Advisory Committee, San Francisco Federal Reserve. Bank of England
 Advisory boards of Rebuilding Macroeconomics and Econofact. Bank of England
 Member of the Council on Foreign Relations and the Bretton Woods Committee. Bank of England
o Non resident fellow or advisor roles in other institutions. Chatham House
o She writes a regular macroeconomics column for the Financial Times.

Dr Catherine L. Mann — External MPC member Bank of England
Career of Dr Catherine L. Mann
1. Education
o BA in Economics from Harvard University. Wikipedia+2Bank of England+2
o PhD in Economics (International Economics) from Massachusetts Institute of Technology (MIT). gceps.princeton.edu+1
2. Public Sector / Policy Roles
o Federal Reserve Board of Governors: Early in her career she worked there, in the International Finance Division, eventually rising to Assistant Director. gceps.princeton.edu+1
o US President’s Council of Economic Advisers: Served as a Senior International Economist. European Central Bank
o World Bank: She was a Special Assistant to the Vice-President for Development Economics / Chief Economist. European Central Bank
3. Think Tank / Academic Career
o Peterson Institute for International Economics: Senior Fellow. Les Rencontres Économiques
o Brandeis University:
 Rosenberg Professor of Global Finance. gceps.princeton.edu
 Director of the Rosenberg Institute of Global Finance. gceps.princeton.edu
4. OECD (Organisation for Economic Co operation and Development)
o Chief Economist and Head of the Economics Department. European Central Bank+1
o OECD G20 Finance Deputy. European Central Bank
o In this role, she contributed to OECD policy on structural and macroeconomic issues like productivity, globalization, and inclusivity. Institute for New Economic Thinking
5. Private Sector
o Global Chief Economist at Citibank: From February 2018 to May 2021. Bank of England
o In that role, she oversaw a global team of economists and helped bridge macroeconomic research with financial markets. GBH
6. Bank of England
o Appointed as an External Member of the Monetary Policy Committee (MPC) on 1 September 2021. Bank of England+1
o Reappointed for a second term running from 1 September 2024 to 31 August 2027. Bank of England
7. Other Roles & Affiliations
o Professor of the Practice at Brandeis University. Bank of England
o Science Advisor to the European Investment Bank. Bank of England
o Member of:
 Council on Foreign Relations Bank of England
 American Economic Association Bank of England
o Previously:
 Chair of the Economic Advisory Committee of the American Bankers Association. Bank of England
 Board member of other economics and policy-related bodies. Bank of England
8. Research & Academic Contribution
o Her research focuses on international economics, including global capital flows, exchange rates, trade deficits, and how technology and globalization affect work and productivity. Les Rencontres Économiques
o She has published:
 7 books Wikipedia
 60+ academic articles Bank of England
o Her work has been influential both in academia and policy, particularly on global imbalances and the impact of technology on economies.


Prof Alan Taylor — External MPC member Bank of England

Career of Prof Alan M. Taylor
1. Education
o Undergraduate: Studied Mathematics at King’s College, Cambridge. Wikipedia+2Clausen Center+2
o PhD: Economics from Harvard University. Wikipedia+2Clausen Center+2
2. Academic Career
o Professor of Economics & Finance, University of California, Davis. UC Davis Graduate School of Management+1
o Professor of International & Public Affairs, Columbia University. Bank of England+1
o Research Associate, National Bureau of Economic Research (NBER). iserp.columbia.edu+1
o Research Fellow, Centre for Economic Policy Research (CEPR). CEPR+1
o Co Editor, Journal of International Economics. UC Davis Graduate School of Management+1
3. Visiting / Advisory Roles
o Visiting scholar at the Bank of England. Bank of England+1
o Senior Advisor at major financial institutions: Morgan Stanley, PIMCO, and also worked with McKinsey. Bank of England+1
o Consultant / speaker for central banks and international organisations, including the Fed, IMF, World Bank, BIS, ECB, etc. Clausen Center
4. Research Areas / Publications
o His research spans macroeconomics, international economics, finance, and economic history. iserp.columbia.edu+1
o He has authored or co authored 10+ books and more than 80 journal articles. Wikipedia
o Notable books:
 Global Capital Markets: Integration, Crisis, and Growth (with Maurice Obstfeld) EconStor+1
 Straining at the Anchor: The Argentine Currency Board … (with Gerardo della Paolera) Wikipedia+1
o His recent work includes research on credit cycles, macro financial stability, and long-term impacts of monetary policy. Financial Times+1
5. Honours & Fellowships
o John Simon Guggenheim Memorial Fellowship (2004) for his contributions to economic history and international economics. iserp.columbia.edu
o Houblon Norman / George Fellow at the Bank of England (2009–10).