Next Bank of England boss may come from overseas again, hints Philip Hammond

Mark Carney has been the Bank of England's first foreign chief in three centuries - Bloomberg

Chancellor Philip Hammond has hinted the Treasury may look abroad again when it comes to replacing Bank of England governor Mark Carney.

Canadian-born Mr Carney’s tenure at the Old Lady of Threadneedle Street ends next June. He became the first foreigner to helm Britain’s central bank in three centuries when he took up the role in 2013.

During an International Monetary Fund event in Washington DC, Mr Hammond was asked whether there would be another global hunt for Mr Carney’s successor.

“The formal process has not yet started but I, and many other people I am sure, may have cast their eye around various rooms to see if any likely looking candidates hove into view,” he told reporters.

Bookmaker Betway last week stopped taking bets on who will be the next Bank chief after a surge of money on current Financial Conduct Authority boss Andrew Bailey.