Bank of England names Huw Pill as new chief economist
Huw Pill will start in the role on September 6, replacing Andy Haldane, who leaves after 32 years with the Bank.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The Bank of England has hired former Goldman Sachs and European Central Bank veteran Huw Pill as its new chief economist.
Mr Pill will start in the role on September 6, replacing Andy Haldane who announced in April he was leaving the Bank after 32 years to head up the Royal Society for Arts, Manufactures and Commerce.
Mr Pill will also become executive director of monetary analysis and will sit on the Bank’s interest rate-setting Monetary Policy Committee (MPC).
The appointment sees him return to the Bank, where he worked as an economist in the early 1990s.
Since then his career has seen him hold a series of senior posts at the European Central Bank, before becoming chief European economist at investment bank Goldman Sachs and most recently senior lecturer at Harvard Business School – a role he has held since 2018.
Bank Governor Andrew Bailey said: “Huw will make a major contribution to monetary policy – and to the broader work of the Bank.
“I greatly look forward to working with him.”
Mr Pill will report to the Bank’s deputy governor for monetary policy, Ben Broadbent.
Mr Broadbent said Mr Pill’s “breadth of experience across monetary policy, economic research and financial markets will be invaluable to the Bank and the MPC”.
Mr Pill said: “It is a great privilege to rejoin the Bank and have the opportunity to contribute to the work of the MPC and the Bank more broadly at what remains a challenging time for monetary policy and central banking.”
He becomes the latest former Goldman Sachs economist to join the Bank, with Mr Broadbent also having worked there, while former Bank governor Mark Carney spent 13 years as an investment banker at the US group.
Mr Pill studied economics for an undergraduate degree at the University of Oxford before earning his doctorate in economics from Stanford University in 1995.