Bank of England chair may be vacant a little longer


The appointment of a new Bank of England governor may take longer. British Prime Minister Boris Johnson is considering postponing the decision until after the planned departure of the British from the European Union on 31 October, reports Bloomberg news agency based on insiders.

The government budget for 2020 may also be discussed later. According to Brexitwatchers, this could indicate that Johnson is taking into account that new British elections still have to take place before the Brexit.

The current central bank head Mark Carney will leave the Bank of England at the end of January next year. The Canadian became Governor of the British Central Bank in 2013. His term in London had already been extended several times to guarantee continuity in the midst of the Brexit.

Several names go around as potential contenders to succeed Carney. The position could go to Andrew Bailey, the head of the British financial regulator FCA. Deputy Governor Ben Broadbent also seems like a contender.

By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by

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