Governor of the Bank of England
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The governor of the Bank of England is the most senior position in the
Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one ...
. It is nominally a
civil service The civil service is a collective term for a sector of government composed mainly of career civil service personnel hired rather than elected, whose institutional tenure typically survives transitions of political leadership. A civil service offic ...
post, but the appointment tends to be from within the bank, with the incumbent choosing and mentoring a successor. The governor of the Bank of England is also chairman of the
Monetary Policy Committee The Monetary Policy Committee (MPC) is a committee of the Bank of England, which meets for three and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate). It is also respo ...
, 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 The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
. 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 121st and current governor is Andrew Bailey, who began his term in March 2020.


List of Governors of the Bank of England (1694–present)


See also

* Chief Cashier of the Bank of England * Deputy Governor of the Bank of England


References


External links


List of Governors of the Bank of England
{{Economy of the United Kingdom Monetary Policy Committee members Bank of England 1694 establishments in England
England England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...