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Bank of England's Broadbent apologises for "menopausal" remark

Reuters  |  LONDON 

(Reuters) - of Deputy apologised on Wednesday for saying Britain's economy was going through a "menopausal" phase in a comment that attracted criticism and could revive concern about gender diversity at the

"I'm sorry for my poor choice of language in an interview with yesterday and regret the offence caused," said in a statement.

Broadbent, 53, had told the newspaper that years of poor productivity and weak wage growth meant Britain was going through a "menopausal" moment. did not publish the quote in full.

The ex-economist, among those tipped as a successor to BoE who stands down next year, said in the interview that experts used the phrase to describe economies that were "past their peak and no longer so potent".

His comments attracted derision on

"As reported I found them pretty offensive," Kate Barker, one of Broadbent's predecessors on the BoE's Monetary Policy Committee, said on

Sarah Wollaston, a lawmaker of Theresa May's Conservative Party, described Broadbent's comments as "pejorative tosh".

"#Menopause only a problem if others try to sideline you because of ignorant prejudice," she tweeted.

Broadbent's comments are likely to put the relative lack of gender diversity in senior management back in the spotlight.

Last year lawmakers said they were disappointed by minister Philip Hammond's slow progress at encouraging greater diversity at the highest levels of the

There are only three women out of more than 20 officials who serve on the BoE's three major policy committees, appointed by the ministry.

In his apology, said he had been trying to explain the word "climacteric", a term used by economic historians to describe a period of low productivity growth during the nineteenth century.

"Economic productivity is something which affects every one of us, of all ages and genders," he said.

(Reporting by Andy Bruce; Editing by Matthew Mpoke Bigg)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 16:45 IST
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