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Dr Swati Dhingra, an associate professor at the London School of Economics, has been named as the first woman of Indian origin to be appointed as an external member of the Bank of England's interest rate-setting committee.
The Bank of England's independent MPC makes decisions about the operation of UK monetary policy. It comprises the Governor of the Bank of England, his three Deputy Governors, a member of the Bank responsible for monetary policy and four external members appointed by the Chancellor.
Chancellor of the Exchequer Rishi Sunak said: “Dr Swati Dhingra’s background in international economics will bring valuable new expertise to the MPC. I am delighted to appoint her to this position and look forward to seeing her contribution to policymaking in the years to come.
"I would also like to thank Michael Saunders for all his hard work since joining the Bank of England, and wish him the best in the next stage of his career."
Andrew Bailey, Governor of the Bank of England, said: “I am very pleased to welcome Dr Swati Dhingra to MPC later this year. His insights and perspective will be extremely beneficial to all of our discussions and we will benefit from his extensive research in international economics.
“Michael Saunders has been a great asset to the MPC and I would like to thank him for all his work on the committee. I wish him all the best for the future."
Who is Swati Dhingra
Dr. Swati Dhingra is an Associate Professor at the London School of Economics. She is an elected member of the Council of the Royal Economic Society. She is on the Editorial Board of the Review of Economic Studies, and is an Associate Editor for the Journal of International Economics.
Swati is a Research Associate on the Trade Programme at Centre for Economic Performance and a Research Fellow of the Centre for Economic Policy Research.
Swati received her undergraduate degree from the University of Delhi, her MA from the Delhi School of Economics, and her MS and PhD from the University of Wisconsin-Madison.
Swati was a member of the UK’s Trade Modelling Review Expert Panel and LSE’s Economic Diplomacy Commission. She is currently a Director of The Royal Mint Museum and a member of the Steering Group for The Economy 2030 Inquiry.
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