British Government Will Not Appoint New Central Bank Chief Ahead Of Elections, Sources - TNBCLive

On Friday, a Finance Ministry official has said that the Government of Britain will not name a successor to Bank of England Governor Mark Carney ahead of National Election due on December 21.

A spokesman for UK Prime Minister Boris Johnson has said that the process for the appointment remained on track to be made this fall.

The Governor of BoE, Mark Carney is expected to leave the Central Bank on January 31, which is also the latest deadline for the United Kingdom to leave the European Union (EU).

By convention, the British Government do not make major appointments in the run-up to National Elections.

Simon Jack tweets that he had been told that former BoE Deputy Governor Minouche Shafik was the British Government’s preferred candidate to run the Central Bank.   

On Tuesday, broadcaster ITV’s political editor Robert Peston has said that another former Deputy Governor Paul Tucker was also rumored to be favored.

Earlier this month, Finance Minister Sajid Javid has said that he was looking for an independent-minded new BoE Governor.

However, the Finance Ministry has refused to comment on speculation about who is in the frame for the post of New Chief for the Central Bank.

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