Britain's finance minister Philip Hammond began the search for a new govern...
LONDON - Britain’s finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world’s fifth-biggest economy, and its global financial center, through the upheaval of Brexit.
“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 center,” Hammond said in a statement.Hammond thanked Carney for helping to lead the UK economy through “a challenging period and we are now seeing stable, low inflation and the fastest wage growth in over a decade.
Potential candidates include former BoE deputy governor Andrew Bailey who is now chief executive of the Financial Conduct Authority, a markets regulator, and current top officials at the BoE including deputy governor Ben Broadbent and chief economist Andy Haldane.
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