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Andrew Bailey to become a new head of the Bank of England

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Andrew Bailey to become a new head of the Bank of England
December 20
13:00 2019

The British Central Bank said that since March 16, Mr. Bailey would become its new leader. Now he is acting head of the Financial Conduct Authority (FCA). The Queen of England has already agreed on this appointment.

During the remainder of his term, Mark Carney will be referring Bailey all affairs. The change of the leadership will be smooth.

The head of the Bank of England has been in the post since 2013. Mr. Carney was supposed to resign in 2018, but twice agreed to stay in connection with Brexit and the endless postponement of Britain’s withdrawal from the EU.

At the meeting in December, the British Central Bank decided to leave the rate unchanged at 0.75%. The program for the purchase of bonds for 435 billion pounds and 10 billion pounds also remained unchanged.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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