Thanks to economist Clare Lombardelli’s nomination on Thursday, the monetary policy committee of the Bank of England will have a majority of women for the first time.
Lombardelli will be the fifth woman on the nine-person policy-setting council of the British central bank. She is now the head economist at the Organization for Economic Co-operation and Development.
Beginning on July 1, she will take Ben Broadbent’s place as deputy governor for a five-year tenure.
“Clare brings significant experience to the role tackling financial and economic issues both domestically and internationally,” Britain’s finance minister Jeremy Hunt said in the bank’s statement.
The governor of the bank, Andrew Bailey, stated that Lombardelli “brings a huge amount of relevant experience and expertise” to the position “at a time of great importance for the UK economy”.
Lombardelli started her career at the Bank of England and has since held positions at the British prime minister’s office, Downing Street, and the International Monetary Fund.
