Chief economist Andy Haldane to leave after more than 30 years at Bank of England

13 April 2021 - 18:49Bank of England chief economist Andy Haldane. Picture: REUTERS/TOBY MELVILLE

London — Bank of England chief economist Andy Haldane will leave the central bank this summer, ending a three-decade career that’s been marked by quirky speeches and, more recently, contrarian views on the economy. Haldane, who sits on the BOE’s monetary policy committee, will become CEO at the Royal Society for Arts, Manufactures and Commerce think-tank from September, the central bank said Tuesday. He will step down from the central bank after the June policy decision.

The departure of the 53-year-old will remove one of the more hawkish members of the interest-rate committee. Haldane had pushed back against more negative views of the economy’s prospects after Covid and, in March, said the UK could see a “rip roaring” recovery, a view that is significantly more optimistic than the official BOE forecasts he oversaw.“With his departure the balance of votes could shift to the dovish side,” said Valentin Marinov, head of G10 FX strategy at Credit Agricole.

Haldane has also led the government’s Industrial Strategy Council and is the co-founder of charity Pro Bono Economics.

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