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Bank of England appoints Ernst and Young as its external auditor

LONDON (Reuters) - The Bank of England has appointed Ernst and Young LLP as its external auditor from the financial year ending February 2025, it said on Tuesday, following a competitive tender process.

KPMG, which has been the bank's auditors since 2006, will work with EY to enable a smooth transition, the BoE said.

(Reporting by William James, Writing by Sachin Ravikumar)