Spencer Dale reappointed to Monetary Policy Committee

Spencer Dale, executive director, Monetary Analysis and Statistics, and chief economist at the Bank of England, has been reappointed for a further three-year term as a member of the Monetary Policy Committee (MPC) with effect from 1 June 2013. Dale joined the MPC in July 2008.

Last December Dale warned on the consequences of stubbornly high inflation:
The harsh but inescapable reality of these developments – and the real adjustments they necessitate – is that households and families in our economy are worse off. Much worse off.