Two new deputy governors have been named at the Bank of England, as part of a radical shake-up by governor Mark Carney.
Ben Broadbent will become deputy governor responsible for monetary policy, and Nemat Shafik will take charge of markets and banking.
Both will sit on the rate-setting monetary policy committee (MPC).
And Andy Haldane, executive director for financial stability, will swap jobs with chief economist Spencer Dale.
The appointments are the first of several changes being made as part of what Mr Carney has said will be a “root-and-branch” review of how the Bank conducts market intelligence, following criticism of its response to claims of manipulation of foreign exchange (forex) rates.
It is thought he will use a speech in London on Tuesday evening to announce his plans to modernise the Bank.
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