Christine Lagarde, managing director of the International Monetary Fund, and Agustín Carstens, general manager of the Bank of International Settlements Stephen Jaffe/IMF/Getty ImagesA leading candidate to take over as the next governor of the Bank of England has ruled himself out of the contest. Agustín Carstens, the former Mexican finance minister and central bank governor, said that he was “not interested” in taking over when Mark Carney steps down from the post on January 31 next year. Mr Carstens, 60, is general manager of the Bank for International Settlements, which promotes global monetary and financial stability. Although he is known to be a favourite of Philip Hammond, 63, the chancellor, and has been widely regarded as a frontrunner in the race, Mr Carstens insisted that he had no intention of leaving his present post. “I left being a governor in my own country to take up a…

Source: The Times May 28, 2019 15:56 UTC