Sarah Breeden to be deputy governor of Bank of England

Bank will have largest ever number of women on rate-setting monetary policy committee after appointment

The Bank of England is on course to have the largest ever number of women on its interest rates setting committee after Jeremy Hunt said the Bank of England insider Sarah Breeden would become the deputy governor for financial stability at the central bank in November.

Breeden will take up positions on the rate-setting monetary policy committee (MPC) and financial policy committee, which she will chair in the absence of the Bank's governor, Andrew Bailey.