Professor Silvana Tenreyro from the London School of Economics has been hired to fill one of the gaps on the Monetary Policy Committee, the panel which sets interest rates at the bank of England.

She replaces Kristin Forbes, the American economist who leaves the MPC this month.

Professor Tenreyro has previous experience at other central banks - she worked as an economist at the Federal Reserve Bank of Boston from 2002 to 2004, served on the scientific committee of the Bank of France, and was an external member of the MPC for the Central Bank of Mauritius from 2012 to 2014.

She has also worked with Bank of England officials - she holds a management role at the Centre for Macroeconomics (CFM), where the advisory board is chaired by Bank of England deputy governor Ben Broadbent.