The Chancellor has apointed Sir Dave Ramsden, to serve as the Bank of England’s deputy governor for markets and banking.  Sir Dave will be a member of the Monetary Policy Committee and wil start on September 4, the finance ministry has said in a statement.

“Sir Dave’s unrivalled experience at the centre of UK economic policy for more than two decades gives him the thorough grounding needed to be successful in his new role,” Chancellor Philip Hammond said.

We wish him all the very best for his new role.