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Govt starts hunt for Carney’s successor at BoE

The government has started looking for a new Bank of England boss to replace Mark Carney when he steps down next year.

The Canadian governor will have been in the post for six years when he leaves Threadneedle Street on January 31 2020.

For the first time the government is using a recruitment firm to head-hunt someone for this £480,000-a-year role, according to the BBC.

The salary has remained unchanged since 2013 and the job description is expected to be posted on the Bank’s website later today unchanged since 2013.

It will call for candidates who are able to lead “a complex and powerful financial institution”.

Interviews are set to take place this summer and the appointment made in the autumn.

Candidates currently tipped for the role include Bank Deputy Governor Ben Broadbent, Chief Economist Andy Haldane, Former Deputy Governor Andrew Bailey and former Monetary Policy Committee rate-setter Nemat Shafik, according to the BBC.

The ex-boss of India’s central bank, Raghuram Rajan is also being touted as a possible contender.

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