Goldman Sach's Broadbent replaces Sentance on MPC

clock

Goldman Sachs European economist Ben Broadbent will replace Andrew Sentance as external member of the Monetary Policy Committee (MPC).

Broadbent, who has previously worked at the Treasury and the Bank of England (BoE), will begin in his new role on 1 June 2011. All eyes will be on the newest MPC member to see which position he takes on the economy in the highly divided Committee. In March 2010, Broadbent and Goldman Sachs colleague Kevin Daly published a report in which they claimed the UK left recession in mid-2009. Official figures from the ONS reported Britain was in recession until January 2010. Goldman Sachs has been repeatedly more optimistic about the UK economy than other investment banks, suggesting ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA urged to 'think again' on targeted support annuity rules

FCA urged to 'think again' on targeted support annuity rules

Regulator’s MoneyHelper signpost criticised as a ‘real limit’

Isabel Baxter
clock 03 September 2025 • 2 min read
FCA continues data reporting cuts

FCA continues data reporting cuts

Regulator removes more data returns

Isabel Baxter
clock 28 August 2025 • 1 min read
Regulatory and employment-related changes – what do firms need to prepare for?

Regulatory and employment-related changes – what do firms need to prepare for?

‘Getting these issues right is not just about avoiding regulatory action or tribunal claims’

Sophie White
clock 21 August 2025 • 4 min read