David Miles

For other people named David Miles, see David Miles (disambiguation).
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]

References

  1. ^ The Guardian, 19 March 2009, Miles to replace Blanchflower on Bank of England monetary policy committee
  2. ^ Bank of England, Professor David Miles: Monetary Policy Committee Member, accessed 15 July 2009
  3. ^ BBC, 22 November 2006, House prices 'set for slowdown'
  4. ^ Morgan Stanley, Global Economic Forum Team

External links

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