The Bank of England has blamed the fact its female employees are paid on average 24 per cent less than male staff on there being very few women in senior roles.
The Bank has published data today (23 November) which shows the median salary for women is 24 per cent lower than the median salary for men.
Meanwhile the median bonus women receive is 25 per cent lower than the one their male colleagues at the central bank receive.
Explaining why such a gap exists, the Bank said: "While we are confident that men and women are paid equally for doing equivalent jobs across the Bank, the main reason for our organisation-wide gender pay gap is an imbalance of male and female colleagues across the organisation.
"At the moment there are fewer women in senior roles than men, as well as a higher proportion of women relative to men in lower scales."
When the Bank took account for pay scale differences the gap reduces to around 3 per cent.
In some of the lower pay scales, where 53 per cent of the workers are female, there is a pay gap of 8.5 per cent and 4.2 per cent in favour of women.
The representation of women in senior management at the Bank of England increased from 20 per cent in 2014 to 30 per cent in 2017 but it conceded it still had "much to do".
Mark Carney, the governor of the Bank of England, said: "We are working hard to address this imbalance through inclusive and diverse recruitment, including diverse shortlists and interview panels, offering flexible working, providing continual unconscious bias training, and fostering an inclusive culture.
"Addressing the disparity in gender representation at senior levels will take time, but it will help close the current gender pay gap at the Bank."
damian.fantato@ft.com
