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UK considers promoting Sarah Breeden to BoE deputy governor - Bloomberg News

FILE PHOTO: Bank of England poised to raise interest rates to tackle inflation

(Reuters) - The UK Treasury is considering promoting senior Bank of England official Sarah Breeden to the position of deputy governor when Jon Cunliffe retires from the job in October, Bloomberg News reported on Wednesday.

If appointed, Breeden, who is currently the BOE's executive director of financial stability strategy and risk, would be the only woman occupying one of the top six positions at the BOE.

Other potential candidates for the job had included Alex Brazier, Breeden's predecessor, who is now deputy head of the Blackrock Investment Institute, and Huw van Steenis, a former UBS AG and Morgan Stanley banker who advised Mark Carney when he was BoE Governor, the report said.

Prior to her current role, Breeden was the executive director for UK deposit takers supervision, responsible for supervising UK's banks, building societies and credit unions.

(This story has been corrected to remove reference to two other potential candidates ruling themselves out of the job from paragraph 4)

(Reporting by Shivani Tanna in Bengaluru)