Lombardelli Returns to BOE at Crucial Rates Juncture [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
She returns Monday as deputy governor for monetary policy, second-in-command behind Governor Andrew Bailey, at what could scarcely be a more critical juncture. Most Read from Bloomberg Market prices suggest there is 50-50 chance that interest rates will be cut for the first time since the pandemic on Aug. 1. Lombardelli, who replaces Ben Broadbent as the bank's most senior economist but has never before set monetary policy, may end up holding the swing vote on the nine-strong rate-setting committee. ADVERTISEMENT It will be a far cry from her Treasury career, where she rose to chief economic adviser, and more lately as chief economist at the Organization for Economic Cooperation and Development. But the rate decision will just be the start. The 45 year old arrives at the bank to a bulging in-tray. In her first 30 days, she will lead the inflation and growth forecasts for the August Monetary Policy Committee vote and have to decide whether to stick with the “prevailing consen
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