"Michael’s research into productivity and extensive experience working in financial markets will continue to contribute enormously to the debate on the MPC."
Additionally, Professor Anil Kashyap has been reappointed as an external member of the Financial Policy Committee for his second three-year term.
Chancellor Philip Hammond said: "I am delighted to reappoint Professor Anil Kashyap and Michael Saunders to their roles as external members of the Bank of England’s Policy Committees.
"Their expertise has proved invaluable to the FPC and MPC over the last three years, and their reappointments will continue to enhance the stability and credibility of economic and financial policy-making."
Mark Carney, Governor of the Bank of England, commented: "I am delighted that Anil Kashyap and Michael Saunders have agreed to serve second terms on the Financial Policy Committee and Monetary Policy Committee.
"Michael’s research into productivity and extensive experience working in financial markets will continue to contribute enormously to the debate on the MPC. And I look forward to the FPC benefiting further from Anil’s insights from academia, creative thinking and willingness to challenge and to sharpen our communications."
