Economics Speaker Visit
Chris Salmon, Executive Director of Markets at the Bank of England, came to speak to the Year 12 and Year 13 Economics students to explain the main roles & functions of the Bank of England, plus a brief resume of his career and route into / through the Bank.
Chris Salmon has been the Bank of England’s Executive Director for Markets since June 2014. He is responsible for all Bank operations in financial markets; management of the Bank’s balance sheet and the UK’s official foreign exchange reserves on behalf of HMT; and delivering market intelligence for monetary and financial stability. Chris has worked at the Bank for over twenty years, and recent previous positions include: Executive Director, Banking & Chief Cashier (2011 – 2014) and Private Secretary to then Governor, Sir Mervyn King (2006-2009).
“On the 4th of May, Chris Salmon the Executive Director of Markets are the Bank of England came to Manshead. He gave us a presentation about his career, how it started and evolved over years.
Additionally, he described the general duties and main functions of how the Bank of England works and why it performs the actions that it does.
Personally, this talk was very informative and helped me personally with understanding financial economics better after doing that part of the course. Having a visual representation and explanation of the functions of the Bank of England gives me a personal note of remembering how monetary policy works in the UK and its effects on the UK and global economy.
Another thing to mention would be the career path that Mr. Salmon chose. Having such a high importance figure come into the school acts as a role model for those seeking to enter the financial world and especially for those who wish to carry on a career in economics. Economics is such a broad subject and having a speaker describe what you can do after studying it definitely shows some security, especially for me, in knowing that there are jobs to be had after taking this course at university.
This was a fantastic opportunity and I would recommend having this sort of seminar more often, especially for future students who show the same level of enthusiasm for this subject as I do.”
“I found our lecture with Chris Salmon extremely useful. This is because I plan to take an economic career path in my future and I learnt about his Econometric Master’s degree which he took at university. This was extremely insightful as it gave me an idea of what a possible university course would entail and the different options out there. Also, Chris Salmon’s current career was discussed. This was extremely interesting as he discussed how the Bank of England implemented monetary policy. This was interesting to me as it showed the importance of his role on the UK economy. I believe I left the talk with new ideas about future careers and new aspirations about my future.”