Business School Professor joins Bank of England's Monetary Policy Committee

David Miles, Visiting Professor of Finance at Imperial College Business School, has been asked to join the Bank of England's Monetary Policy Committee

David Miles, Visiting Professor of Finance at the Business School and Managing Director at Morgan Stanley, will join the Bank of England's Monetary Policy Committee.

Miles has been a Professor of Finance at the School since 1996. He was also head of the School's Finance and Accounting Group and set up the School's MSc Finance programme, now in its 12th year. In 2004, Miles became Managing Director and Chief UK Economist at Morgan Stanley. Also, in 2004, he was appointed a non-executive Director of the FSA.

Previously, Professor Miles worked for the Bank of England, in the economics Department at Birkbeck College, London, and as Chief UK Economist for Merrill Lynch. David's published work includes: “Macroeconomics: Understanding the Wealth of Nations”, jointly written with Andrew Scott of the LBS; and “Housing, Financial Markets and the Wider Economy".

In 2003, Gordon Brown, then Chancellor, appointed him to review the provision of fixed-rate mortgages in the UK. The Miles Report on longer-term fixed rate lending was published by HM Treasury in Spring 2004.