Leading UK-based academic, Dr Swati Dhingra has been named as the first Indian-origin woman to be appointed as an external member of the Bank of England’s interest rate-setting committee. Dhingra will replace current external member, Michael Saunders, who has been on the MPC since August 2016.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
According to the UK government’s Treasury Department, 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.
Dhingra, who studied at the University of Delhi and got her Masters’s from the Delhi School of Economics, will join the Monetary Policy Committee (MPC) on August 9 for a three-year term. Dhingra is an Associate Professor of Economics at the London School of Economics (LSE) having specialisation in international economics and applied microeconomics.
The Bank of England’s independent MPC makes decisions about the operation of the monetary policy of the UK. It comprises the Governor of the Bank of England, its three Deputy Governors, one member of the Bank with responsibility for monetary policy and four external members who are appointed by the Chancellor.
Important takeaways for all competitive exams:
India has taken an important step towards sustainable urban living by updating its solid waste…
The University Grants Commission, commonly known as UGC, is an important organization in India’s higher…
India has taken another step towards frictionless digital governance with the launch of a new…
The Economic Survey 2025–26 is an important annual document that shows the real picture of…
India’s journey towards smart policing has achieved a major milestone with a pioneering digital initiative…
India has produced many successful business leaders, but one name stands above all in terms…