BoE still falling short of ethnic diversity goal
Central bank has set itself aim of having 13% senior managers from ethnic minorities by 2022
The Bank of England has increased the number of minority staff in senior management by just one percentage point in four years, according to data in its annual report.
The proportion of black, Asian and minority ethnic (BAME) staff occupying senior positions rose to 7% this year, up from 6% in 2016.
The central bank has a target of 13% for BAME representation at senior management level by the end of 2022. Below senior management, the BoE has a 2020 target of 20% that it has reached.
“[The BoE’s] court continues to focus on the diversity of the organisation,” the report says. “But there remains further to go, particularly with respect to BAME representation at senior levels.”
According to the report, the pay gap between BAME and other staff stands at 11.3%, down from 12.2% in 2019.
In March 2019, the BoE established the BAME Taskforce to support BAME colleagues and raise awareness within the institution about the barriers they face.
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