Bank of England Appoints Andrew Bailey As New Governor

 Bank of England Appoints Andrew Bailey  As New Governor

Mr Bailey, aged 60, is currently chief executive of the Financial Conduct Authority (FCA), the City watchdog.

He will become the 121st governor of the Bank of England on 16 March, taking over from Mark Carney, and will serve a full eight-year term.

The search for the new governor began in April and Mr Bailey, who spent more than 30 years at the Bank, was seen as an early favourite for the job.

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