Bank of England Press Release

PRESS RELEASE - The Chancellor of the Exchequer announced today, 27 February, that Rachel Lomax, Permanent Secretary at the Department for Transport, will become the Bank of England's Deputy Governor for Monetary Policy. She will succeed Mervyn King, who becomes Governor on 1 July.

Source: Bank of England

Sir Edward George, Governor of the Bank, and Mr King said: "We are both delighted that we have been able to attract Rachel Lomax to the Bank. Her ability and experience will be a great asset t