Governor of the Bank of England would be supervised by a Governor, a Deputy Governor, and 24 directors. In its current incarnation, the Bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the Bank. The 120th and current Governor is the Canadian Mark Carney, appointed in 2013. He is the first non-Briton to be appointed to the post, but made a commitment to the Prime Minister to take up British citizenship. Governor of the Bank of England The Governor of the Bank of England is the most senior position in the Bank of England. It is
Timeline of the Great Recession 0.03% and the third quarter figures fall by a further 0.9%. The Bank of Japan doubles its inflation target to 2% and announces open-ended asset purchases for 2014 in the hope of ending deflation. Initial GDP figures for the fourth quarter of 2012 show the UK economy shrank by 0.3% raising fears of a triple dip recession. Sir Mervyn King, Governor of the Bank of England, says he believes "a recovery is in sight". However, he also expects inflation to rise to at least 3% by the summer of 2013 and to remain above the Bank's 2% target for two