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Bank of England announces shake-up

The central bank of the UK, has announced two new deputy governors, Ben Broadbent and the first female Nemat Shafik, who was previously with the International Monetary Fund. There is a third deputy governor role that is yet to be announced.

Spencer Dale and Paul Fisher will lose their votes on the Monetary Policy Committee; however it is unlikely the change will have an effect as to when interest rates will be raised.

The full press release from the Bank of England can be found here

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