Clare Lombardelli

Term of appointment: 1 July 2024 - 30 June 2029

Clare Lombardelli became the Deputy Governor for Monetary Policy on 1 July 2024. She is a member of the Monetary Policy Committee, the Financial Policy Committee and the Bank’s Court of Directors. Clare also represents the Bank on a number of national and international bodies.

Clare has specific responsibility within the Bank for monetary analysis, the research agenda and the Centre for Central Banking Studies. She leads the Bank’s response to the Bernanke review of the Bank’s forecasting process, commissioned by the Bank’s Court of Directors in July 2023.

Clare also has shared responsibility for the Bank’s data & analytics transformation, with the Chief Operating Officer, and for international issues, with the Deputy Governor for Financial Stability.

Clare started her career at the Bank, then worked for several years at HM Treasury, where she held a variety of senior roles, including Chief Economic Advisor and joint head of the Government Economic Service. Prior to re-joining the Bank as Deputy Governor, Clare was Chief Economist at the OECD. She has also worked at the IMF as a Technical Advisor.

Clare is a Visiting Professor at Kings College, London and a visiting fellow at Nuffield College, Oxford.

She has an MSc in Economics from the London School of Economics and a BA in Philosophy, Politics and Economics from Magdalen College, Oxford.