Finance
Bank of England names first executive director for monetary policy
Published by Global Banking & Finance Review®
Posted on February 24, 2026
1 min readLast updated: February 24, 2026
Quick Summary
The Bank of England appointed Rohan Churm as executive director for monetary policy. From May, he’ll lead a Bernanke-recommended revamp of modelling and forecasting alongside Huw Pill.
LONDON, Feb 24 (Reuters) - The Bank of England named its first executive director for monetary policy on Tuesday, filling a role intended in part to implement recommendations from former Federal Reserve Chair Ben Bernanke on improving the central bank's forecasting.
The new position will be taken by Rohan Churm, who has spent the past three years at energy regulator Ofgem after previously working at the BoE for just over 20 years.
Churm will return to the central bank in May and work alongside the BoE's chief economist, Huw Pill, whose formal title is executive director for monetary analysis.
Pill will continue to serve on the rate-setting Monetary Policy Committee and lead BoE research, while Churm will oversee analysis, the BoE's regional agents and lead a programme to modernise its economic modelling, forecasting and use of data.
Earlier in his career, Churm worked in the BoE's monetary analysis, markets and financial stability divisions and acted as private secretary to former BoE chief economist Spencer Dale.
(Reporting by David MillikenWriting by William Schomberg, editing by Andy Bruce)
Key Takeaways
- •Rohan Churm is appointed executive director for monetary policy at the Bank of England.
- •He will start in May and work alongside Chief Economist Huw Pill.
- •The role will drive an overhaul of modelling and forecasting practices.
- •Changes align with recommendations from Ben Bernanke’s independent review.
- •Churm previously served at Ofgem and is a former BoE official.
Frequently Asked Questions about Bank of England names first executive director for monetary policy
1What is the main topic?
The Bank of England appointed Rohan Churm as executive director for monetary policy. He will lead an overhaul of the Bank’s modelling and forecasting framework.
2Who is Rohan Churm and what is his background?
Rohan Churm is a former Bank of England official who most recently served as a director at Ofgem. His experience spans stress testing, foreign reserves management and financial resilience.
3When will the new role begin and what will it involve?
Churm will start in May. The role focuses on upgrading forecasting models and processes, implementing recommendations from Ben Bernanke’s review to improve policy analysis and communication.
