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The Treasury Committee has established a practice of holding hearings with persons appointed to the Monetary Policy Committee (MPC) of the Bank of England and reporting on those hearings. This practice enhances the transparency of the appointment process and increases the level of information available to the public and to Parliament about the functioning of the MPC. We have held a hearing with Professor David Blanchflower on his appointment to the MPC. We are satisfied that Professor Blanchflower meets our criteria for appointment and wish him every success in his new role.
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