I've been aware for some time that the prime minister and chancellor have a preferred candidate to be next governor of the Bank of England - and it is none of the five who were interviewed a few weeks ago (Cunliffe, Bailey, Broadbent, Vadera, Shafik) and passed the...
the competence threshold. Annoyingly I don't know who it is. But it is someone of international stature, perceived to be thoroughly independent. So maybe Rajan Raghuram is back in the frame. Anyway the interesting point is that there are only a few days to wrap this up and...
make the appointment, because an appointment is prohibited during general election purdah. And if the appointment falls through, the current governor Mark Carney may yet have to be prevailed on to delay his exit again (from end of January 2020)
I am having a bad day. I meant Raghuram Rajan of course. Sorry
PS a grandee who knows about Bank appointments says: “Wouldn't a bank governor appointed now be left in limbo as no time for select committee confirmation?” Which is true. But I am not sure the government would care
