NEW: Bank of England chief economist Andy Haldane to leave the Bank in June and become chief executive of the Royal Society of Arts 👇 @bankofengland @theRSAorg 
Significant move.
Haldane's got the highest profile of anyone at the Bank perhaps even including Andrew Bailey - & he came close to being appointed Governor himself last year...
Haldane's got the highest profile of anyone at the Bank perhaps even including Andrew Bailey - & he came close to being appointed Governor himself last year...
....Also he's been most bullish voice on the Monetary Policy Committee about the UK economy's outlook - his departure will likely leave it with a more dovish complexion...
...He's become a bit of a marmite character in recent years with his headline-grabbing media interventions.
But he's a super smart thinker who made major contributions at the Bank first on financial stability and then in his chief economist role...
But he's a super smart thinker who made major contributions at the Bank first on financial stability and then in his chief economist role...
....He's certainly had an unusually expansive view of the role of a central banker which has rubbed traditionalists up the wrong way - but he understood the imperative to communicate to a broad public.
Suspect the Bank will miss him and his intellectual energy...
Suspect the Bank will miss him and his intellectual energy...
....if not necessarily *all* the headlines he attracted!
Here's an interview I did with "the coming man of British banking" way back in 2013:
independent.co.uk/news/people/pr…
Here's an interview I did with "the coming man of British banking" way back in 2013:
independent.co.uk/news/people/pr…
Dip in sterling on Haldane departure news - since recovered though 👇
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