Business economist Barker appointed to BoE's MPC

UNITED KINGDOM - The UK Treasury said on Apr 5 that the chief economist at the Confederation of British Industry, Kate Barker, will replace DeAnne Julius on the Bank of England's Monetary Policy Committee from Jun 1, 2001. She was appointed for a three year term.

Julius is one of the two members of the committee to have consistently argued for lower interest rates since Dec 2000. The other member is Sushil Wadhwani. She has always been regarded as a "dove" on the MPC and has never shied away

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