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News > Politics

Search begins for the next governor of the Bank of England

Sam Monk | 17:15 Wednesday 24th April 2019

Chancellor of the exchequer Philip Hammond (pictured above) has launched the search for the next governor of the Bank of England.

The current incumbent Mark Carney — who chairs the Bank’s three main policy committees overseeing monetary, financial and prudential issues — took up the role on 1st July 2013 and will step down on 31st January 2020.

“In today’s rapidly evolving economy, the role of governor is more important than ever,” said Hammond.

“Finding a candidate with the right skills and experience to lead the Bank of England is vital for ensuring the continuing strength of our economy and for maintaining the UK’s position as a leading global financial centre.

“I look forward to working with Mark Carney over the remaining months of his term as governor.

“His steady hand has helped steer the UK economy through a challenging period and we are now seeing stable, low inflation and the fastest wage growth in over a decade.”

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