David Miles
| David Miles | |
|---|---|
| Member of the Monetary Policy Committee | |
| Incumbent | |
| Assumed office June 2009 |
|
| Governor | Mervyn King |
| Personal details | |
| Profession | Economist |
David Miles is a British economist. He is a Visiting Professor at Imperial College London and former Chief UK Economist of Morgan Stanley (October 2004 to May 2009). He was appointed to the Bank of England's interest rate-setting Monetary Policy Committee (MPC) from June 2009 to June 2012.[1]
"As an economist he has focused on the interaction between financial markets and the wider economy."[2] In 2003 he produced a report for the Chancellor of the Exchequer to examine why the long-term fixed rate mortgage market is not as popular a product in the UK as in other countries. The report states: "A great many borrowers focus on the initial cost of debt and do not seem to consider carefully how those payments might change relative to their incomes".
Miles predicted a substantial fall in real house prices in November 2006.[3]
Miles was educated at the Ysgol Gruffydd Jones School, Bishop Gore School, Swansea, University College Oxford and the London School of Economics.[4]
[edit] References
- ^ The Guardian, 19 March 2009, Miles to replace Blanchflower on Bank of England monetary policy committee
- ^ Bank of England, Professor David Miles: Monetary Policy Committee Member, accessed 15 July 2009
- ^ BBC, 22 November 2006, House prices 'set for slowdown'
- ^ Morgan Stanley, Global Economic Forum Team
[edit] External links
- Miles Report: Part 1
- Miles Report: Part 2
- Miles Report: Part 3
- Call for more long-term mortgages BBC News, December 9, 2003
| The Bank of England's Monetary Policy Committee | ||
|---|---|---|
 |
||
| June 2009-August 2009: | King | Bean | Barker | Tucker | Besley | Sentance | Dale | Fisher | Miles | |
| September 2009-July 2010: | King | Bean | Barker | Tucker | Sentance | Dale | Fisher | Miles | Posen | |
| August 2010-May 2011: | King | Bean | Tucker | Sentance | Dale | Fisher | Miles | Posen | Weale | |
| June 2011-: | King | Bean | Tucker | Dale | Fisher | Miles | Posen | Weale | Broadbent | |
 |
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