The UK Chancellor of the Exchequer, Rachel Reeves, has announced the appointment of Professor Stephen Blyth and the reappointment of Dr Randall Kroszner as external members of the Bank of England’s Financial Policy Committee (FPC). Professor Blyth will fill the external member seat previously held by Dame Colette Bowe, following the end of her second term and her departure from the Committee at the end of August 2025. Blyth has been appointed for a three-year term commencing in Autumn 2025. Dr Kroszner has been reappointed for a second term on the FPC beginning on 1 February 2026. Blyth’s appointment followed an open recruitment process, with candidates interviewed by a panel comprising Gwyneth Nurse (HM Treasury and a non-voting member of the FPC), Jonathan Hall (external member of the FPC), and Douglas Flint (independent panel member), which made recommendations to the Chancellor.
Bank of England 2025-09-04
UK Chancellor appoints Professor Stephen Blyth and reappoints Dr Randall Kroszner as external members of the Bank of England Financial Policy Committee
UK Chancellor Rachel Reeves announced Professor Stephen Blyth's appointment and Dr. Randall Kroszner's reappointment as external members of the Bank of England’s Financial Policy Committee (FPC). Blyth will replace Dame Colette Bowe for a three-year term starting Autumn 2025, while Kroszner's second term begins 1 February 2026. Blyth's appointment followed an open recruitment process with recommendations to the Chancellor.