LONDON, Feb 24 (Reuters) - The Bank of England said on Tuesday it had appointed Rohan Churm, a former BoE official who is currently a director at Britain's energy regulator Ofgem, to the new role of
Bank of England Appoints First Monetary Policy Executive Director
LONDON, Feb 24 (Reuters) - The Bank of England named its first executive director for monetary policy on Tuesday, filling a role intended in part to implement recommendations from former Federal Reserve Chair Ben Bernanke on improving the central bank's forecasting.
The new position will be taken by Rohan Churm, who has spent the past three years at energy regulator Ofgem after previously working at the BoE for just over 20 years.
Rohan Churm's Appointment and Role
Churm will return to the central bank in May and work alongside the BoE's chief economist, Huw Pill, whose formal title is executive director for monetary analysis.
Pill will continue to serve on the rate-setting Monetary Policy Committee and lead BoE research, while Churm will oversee analysis, the BoE's regional agents and lead a programme to modernise its economic modelling, forecasting and use of data.
Collaboration with Chief Economist
Earlier in his career, Churm worked in the BoE's monetary analysis, markets and financial stability divisions and acted as private secretary to former BoE chief economist Spencer Dale.
(Reporting by David MillikenWriting by William Schomberg, editing by Andy Bruce)
