Spencer Dale Explained

Spencer Dale
Birth Date:12 January 1967
Nationality:British
Occupation:Chief Economist
Employer:BP
Known For:Monetary policy economics
Alma Mater:University of Wales (University College Cardiff), University of Warwick
Office2:Member of the Monetary Policy Committee
Term Start2:July 2008
Term End2:May 2014
Governor2:Mervyn King (2003–2013)
Mark Carney (2013-2014)

Spencer Dale (born 12 January 1967) is a British economist who sat on the Bank of England's Monetary Policy Committee from 2008 through 2014, including a period as Chief Economist. He is currently the group chief economist of BP.[1] [2]

Dale was educated at the University of Wales (University College Cardiff), gaining BSc in Economics in 1988 and at the University of Warwick, gaining an MSc in Economics in 1989, whereupon he immediately joined the Bank of England. He was appointed to the position of Chief Economist on 1 July 2008.[3] He finished being Chief Economist with effect from 1 June 2014, becoming the Bank's Executive Director for Financial Stability Strategy and Risk, moving from the Monetary Policy Committee to the Financial Policy Committee.[4]

On 4 August 2014 it was announced that Dale would leave his post at the Bank of England in October 2014 to take up the position of Chief Economist at BP.[5] He manages BP's global economics team and provides economic input into the firm's commercial decisions. BP's economics team also produces the annual Statistical Review of World Energy and Energy Outlook.[6] [7] [8]

Notes and References

  1. Web site: Spencer Dale, Executive Director and Chief Economist Bank of England Chamber speaks at Chamber lunch . exeterchamber.co.uk . Exeter Chamber of Commerce and Industry . 2 October 2015.
  2. News: Bank of England former chief economist leaves to join BP . Larry Elliott . The Guardian . 4 August 2014 . 21 October 2015.
  3. http://www.bankofengland.co.uk/about/people/biographies/dale.htm Profile at the Bank of England
  4. Web site: Mark Carney. Appointments to MPC and FPC. 30 March 2015. 17 March 2014.
  5. News: Bank of England's Spencer Dale jumps ship to BP. Telegraph. 4 August 2014. James Titcomb . Szu Ping Chan .
  6. Web site: BP Energy Outlook - Energy economics . bp.com . 2018-02-20 . 2018-02-20.
  7. News: British Petroleum appoints Spencer Dale as new Group Chief Economist . Economic Times . 4 August 2014 . 21 October 2015.
  8. News: MOVES--BP appoints BoE's Dale as group chief economist . Reuters . 4 August 2014 . 21 October 2015.