New MPC member appointed to replace Michael Saunders

Chancellor Rishi Sunak has appointed Dr. Swati Dhingra as an external member to the Monetary Policy Committee.

Related topics:  Finance News
Rozi Jones
13th May 2022
Bank of England BoE
"Her insights and perspective will be hugely beneficial to all of our discussions and we will benefit from her extensive research in international economics."

Dr. Swati Dhingra will join the MPC on 9th August for a three-year term, replacing current external member Michael Saunders who has been on the MPC since August 2016.

Swati Dhingra is an associate professor of economics at the London School of Economics, specialising in international economics and applied microeconomics.

She is an elected member of the council of the Royal Economic Society. She is on the editorial board of the Review of Economic Studies, and is an associate editor for the Journal of International Economics.

Swati is also a research associate on the Trade Programme at Centre for Economic Performance, and a research fellow of the Centre for Economic Policy Research.

Swati was a member of the UK’s Trade Modelling Review Expert Panel and LSE’s Economic Diplomacy Commission. She is currently a director of The Royal Mint Museum and a member of the Steering Group for The Economy 2030 Inquiry.

Rishi Sunak said: “Dr. Swati Dhingra’s experience in international economics will bring valuable new expertise to the MPC. I am delighted to appoint her to this role and look forward to seeing her contribution to policymaking in the coming years.

“I would also like to thank Michael Saunders for all his work since he joined the Bank of England, and wish him the best in the next stage of his career.”

Andrew Bailey, Governor of the Bank of England, said: “I am very pleased to be welcoming Dr. Swati Dhingra to the MPC later this year. Her insights and perspective will be hugely beneficial to all of our discussions and we will benefit from her extensive research in international economics.

“Michael Saunders has been a great asset to the MPC and I would like to thank him for all his work on the committee. I wish him all the best for the future.”

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