May quitting throws Bank of England governor race into unknown


Britain's economy is likely to grow less than the Bank of England forecast earlier this month as Brexit uncertainty hurts investment and productivity, Deputy Governor Dave Ramsden said on Thursday.

LONDON: Theresa May’s resignation threatens to turn the race to lead the Bank of England (BoE) on its head.

A new prime minister – and the new chancellor of the exchequer that might accompany them -- could have very different priorities from May and Philip Hammond, potentially opening the door for a different slate of candidates for the top BoE job.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings
DKSH shares soar 68 sen on privatisation proposal
China's consumer inflation quickens to 21-month high, producer deflation persists
Temasek-backed SeaTown secures US$900mil at second close of third private credit fund
Weak undertones on Bursa as Fed decision looms
Ringgit slips vs US$, rises against majors on Fed cut expectations

Others Also Read