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Bank of England

Volume 698: debated on Monday 4 February 2008

asked Her Majesty's Government:

Further to the answer by Lord Davies of Oldham on 22 January (Official Report, col. 119), what is the well established timetable for the appointment of the Governor of the Bank of England. [HL1590]

Under the Bank of England Act 1998, the Governor of the Bank of England is appointed for a period of five years. The governor’s current term of office expires on 30 June 2008. The timetable followed is established in line with this. The Chancellor of the Exchequer announced on 30 January 2008 that Her Majesty the Queen has appointed the governor for a further five-year term.