Highlights

Clare Lombardelli will succeed Ben Broadbent as the next Deputy Governor for Monetary Policy (DGMP) at the BoE. Broadbent has been a broadly neutral member of the MPC and so seen as a useful guide to how the majority might vote.

Lombardelli, currently Chief Economist of the OECD, will take up her new role at the start of July, ahead of what will be her first MPC vote on 1 August.

Definition

Global-FYI tracks critical developments fon the global markets including political news, special central bank announcements, and substantial moves in the financial markets.

Description

Major political events and special announcements by the global central banks can shift both the short-term and long-term outlooks for the global economy and financial markets.
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