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Megan Greene has been reappointed as an external member of
the Monetary Policy Committee (MPC) by the Chancellor of
the Exchequer, .
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Her three-year term was due to end on 4 July 2026. Following
her appointment for a second term, Megan will continue to
hold the post until 4 July 2029.
The Chancellor of the Exchequer, , said:
I am pleased to reappoint Megan Greene to the MPC. Her reappointment
provides welcome stability at a crucial time, and I fully support
the Bank of England in bringing inflation down. I am
confident that Megan's skills and background in financial markets
will remain an asset to the MPC.
Governor of the Bank of England, Andrew Bailey,
said:
I welcome the reappointment of Megan Greene to the MPC. Megan has made a
significant contribution to the Committee's work at an important
time. I'm pleased it will continue to benefit from her insight
and expertise in the years ahead.
About Megan Greene
Megan is an external member of the MPC and Senior Fellow at the
Watson Institute, Brown University, as well as at Chatham House.
She teaches at London Business School and advises the San
Francisco Federal Reserve, Rebuilding Macroeconomics, and
Econofact. She is also affiliated with the Council on Foreign
Relations and the Bretton Woods Committee.
Previously, Megan was Global Chief Economist at Kroll and at John
Hancock Asset Management, a Senior Fellow at Harvard Kennedy
School, and a Financial Times columnist. She has served on the
International Advisory Committee of the Hong Kong Stock Exchange.
She holds a BA in Political Economy from Princeton and an MSc in
International Relations from the University of Oxford (Nuffield
College).
About the Monetary Policy Committee
The independent MPC of the Bank of England
makes decisions on the operation of monetary policy. It comprises
the Governor of the Bank of England, 3 Deputy Governors, the Bank
of England's Chief Economist, and four external members. External
members, appointed by the Chancellor, may serve up to two
three-year terms.
The appointment of external members to the MPC is designed to ensure that
the Committee benefits from thinking and expertise in addition to
that gained inside the Bank. Each member of the MPC has expertise in the field
of economics and monetary policy. They are independent and do not
represent particular groups or areas.
About the appointment process
Reappointments are not automatic, and each case is considered on
its own merits. This reappointment was made by the Chancellor of
the Exchequer, in line with the requirements of the Governance
Code for Public Appointments.
Megan Greene confirmed she has not engaged in any political
activity in the last five years.
