Clare Lombardelli named deputy governor of Bank of England

Ex-Treasury official and adviser to David Cameron will replace Ben Broadbent, making MPC majority female for first time

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A former Treasury official and key adviser to David Cameron and George Osborne has been appointed as a deputy governor of the Bank of England, in a move that will make its interest-rate-setting committee majority female for the first time in its history.

Clare Lombardelli, the chief economist at the Organisation for Economic Co-operation and Development (OECD), will sit on the nine-member monetary policy committee (MPC) when she joins as the Bank’s next deputy governor for monetary policy.