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BOE’s Pill Draws Criticism for Citing Issing in Diversity Remark

  • Chief economist mentions link to ex-ECB hawk in FT interview
  • Former BOE economist Tony Yates calls comment ‘a bit trite’

The Bank of England’s new chief economist ran into criticism on social media for suggesting he brings diversity to policy making from having once worked with Otmar Issing, the famously hawkish German central banker.

“I do think I bring diversity on other dimensions,” Huw Pill, who joined the central bank last month, told the Financial Times. “I’m not sure there are many other members of the MPC who would want to be identified as an acolyte of Otmar Issing whereas I am quite proud to be identified as that.”