The Court of the Bank of England has appointed Huw Pill as chief economist and executive director for monetary analysis. 

Pill will also become a member of the rate-setting Monetary Policy Committee.

He joins the Bank of England from Harvard Business School, where he has been senior lecturer since 2018. 

Prior to this he was chief European economist at Goldman Sachs, and before that he held a series of senior posts at the European Central Bank. Pill has also previously worked for the Bank of England as an economist between 1990 and 1992.

He will report to deputy governor for monetary policy, Ben Broadbent, when he takes up his role on September 6. 

Broadbent says: “I am delighted about the appointment of Huw Pill as the Bank’s new chief economist. 

“His breadth of experience across monetary policy, economic research and financial markets will be invaluable to the Bank and the MPC.”

Bank of England governor Andrew Bailey says: “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.”

Pill adds: “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.”