Ex-White House Adviser Forbes to Testify as BOE Changes Gear

Kristin Forbes, a former White House adviser who’s set to join the Bank of England’s rate-setting committee, may give clues today about her leanings as officials move toward the first policy tightening in seven years.

Forbes will testify before U.K. lawmakers in London before taking part in her first Monetary Policy Committee meeting next month. Her appointment comes as policy makers shift closer to raising borrowing costs and at a time of flux for the committee, with three new members joining this summer.