The macroeconomist takes up the appointment on Sept. 2.
The economist joined BOE’s monetary committee in September 2021 will now remain on it until Sept. 5 2027.
The former finance minister of Portugal will start in the role on June 1.
The economics professor continues to lead the independent body.
She will leave the institution this summer to become president of Columbia University.
She takes up the research leadership post on May 2.