A chemical engineer walks into a bank

Bank of Portugal’s Mónica Fernandes explains why it is just as important for central banks to employ scientists as to employ economists

Bank of Portugal
Bank of Portugal
Photo: Bank of Portugal

It is no secret central banks have a diversity problem. Over the past few months, several senior policy-makers have spoken out about the need to improve the representation of minorities and women at these institutions. 

But diversity is not limited to race and gender. One of the biggest concerns around not improving levels of diversity is that central banks will risk ‘groupthink’ – a lack of diversity of thought that risks decisions being made without considering all members of society. 


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