Megan Greene to join BoE’s monetary policy committee

Megan Greene replaces Silvana Tenreyro and joins the MPC at a delicate period in the BoE’s history after 11 successive rate increases. Photograph: AP

The Treasury has appointed a financial markets expert to the Bank of England’s monetary policy committee, replacing the interest rate-setting panel’s most dovish member as it responds to the worst banking crisis since 2008.

Megan Greene, the global chief economist at Kroll, a US private investigations and financial advisory firm, will join the MPC as an external member on a three-year term starting on 5 July.