Bank of England

Bank of England Deputy Governor Paul Tucker, beaten to the central bank's top job by Mark Carney, will stand down later this year, giving the Canadian an early chance to start reshaping the BoE's upper echelons.Tucker, part of the majority of policymakers which opposes further bond buying, had been expected to stand down ever since Carney, the former head of Canada's central bank, was named in November as the surprise choice for governor.He will replace Mervyn King, who retires from the BoE at the end of this month.But the timing of the announcement took some by surprise - Tucker's term was due to end next February - and might be a sign that other top policymakers will bring forward their departures, said Tom Vosa, an economist at National Australia Bank."The interesting bit will be whether the replacement is an internal or external candidate, which will probably give you some clues as to how Carney expects to position the bank under his governorship."Carney will head up a central bank...

Read More ›