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Sole Boe Rate Hawk Dies Unexpectedly

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The BoE say that David Walton has died. He was the sole guy voting for a rise at the past two meetings

The Bank of England today said David

Walton, a member of its rate-setting

Monetary Policy Committee, has died.

Walton's death had earlier been

confirmed by a spokeswoman for Goldman

Sachs, his former employer.

Walton joined the MPC in July 2005,

having been chief European Economist at

Goldman Sachs.

In the MPC's two most recent meetings

he has been alone in voting for a rise

in interest rates to 4.75% from 4.5%,

while his colleagues have opted to

leave rates unchanged. The BoE said

Walton's death had been unexpected and

followed a short illness.

Source : Dow Jones Newswires

He doesn't look very old:


David Walton's profile @ the BoE

Minutes from last inflation report:

37 : The Governor invited the Committee to vote on the proposition that the official Bank rate should

be maintained at 4.5%. Seven members of the Committee ... voted in favour of the proposition.

David Walton voted against, preferring an increase of 25 basis points.

Edited by Sledgehead

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