Composition
The Committee comprises:
- The Governor of the Bank
- The two Deputy Governors
- The Executive Director for Monetary Analysis and Statistics, the Bank's Chief Economist
- The Executive Director for Markets
- Four external members, appointed by the Chancellor of the Exchequer for a renewable three year term
Each member has one vote of equal weight, for which they can be held publicly accountable. The Governor chairs the meeting and is the last to cast his vote, acting as a casting vote in event of a tie. Representatives from the Treasury can attend the meeting, but only as non-voting observers.
Read more about this topic: Monetary Policy Committee
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