Downing Street Says » Bank of England

» Tuesday, January 22, 2008

Bank of England

Asked if people were any closer to finding out the fate of Mervyn King as it was getting close to normal procedures kicking in and an advert for the new Chairman of the FSA was seen in the press this week, the PMS said that on the issue of the appointment of the Governor of the Bank of England for the next period, people could expect an announcement shortly. It was worth bearing in mind that when Eddie George was appointed for his second term, the announcement was made in the middle of February. The PMS added that he still thought there was time for the normal procedures to run their course. Asked if the PMS was expecting an announcement before the middle of February, the PMS said we would have to see and the normal procedures would have to run their course.

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