Bank of England reveals Haskel's replacement on MPC

Professor Alan Taylor will join the Monetary Policy Committee (MPC) on 2nd September for a three-year term, replacing current external member Professor Jonathan Haskel who has been on the MPC since September 2018.

Professor Taylor is an economist and currently Professor of International and Public Affairs at Columbia University, New York. He has served as a senior advisor to major financial institutions including Morgan Stanley and PIMCO, is a visiting scholar at the Bank of England and has published papers in the fields of macroeconomics, international economics, finance and economic history.

Chancellor of the Exchequer, Rachel Reeves, said: “Professor Alan Taylor’s substantial experience in both the financial sector and academia will bring valuable expertise to the Monetary Policy Committee. 

“I would also like to thank Professor Jonathan Haskel for all his work since he joined the Monetary Policy Committee.”

Andrew Bailey, Governor of the Bank of England, commented: “I'm really pleased Alan Taylor will be joining the Monetary Policy Committee this autumn, bringing with him his extensive knowledge and experience from his career in academia. This is an important time for the Committee and we will no doubt benefit from Alan's contributions to our debates.

"I would like to also thank Jonathan Haskel for his service on the Committee over the past six years. He will be missed."