Governor of the Bank of England
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|Governor of the|
Bank of England
|Residence||London, United Kingdom|
|Appointer||Monarch on advice from the Prime Minister|
|Term length||8 years|
|Inaugural holder||Sir John Houblon|
|Website||Governor of the Bank of England|
The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming his or her successor. The Governor of the Bank of England is also Chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom.
According to the original charter of 27 July 1694 the bank's affairs would be supervised by a Governor, a Deputy Governor, and 24 directors. In its current incarnation, the Bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the Bank.
The 120th and current Governor is the Canadian Mark Carney, appointed in 2013. He is the first non-Briton to be appointed to the post, but made a commitment to the Prime Minister to take up British citizenship.
Governors of the Bank of England (1694–present)
- Richards, Richard. The Early History of Banking in England (Rle Banking and Finance). p. 152.
- "Court of Directors". Retrieved 2018-07-24.
- "Carney: corruption, my reputation and British citizenship". Channel 4 News. November 13, 2013. Retrieved November 26, 2013.
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