BOE FOCUS-Will Tucker get Bank of England top job?

By David Milliken and Sven Egenter

LONDON, July 12 (Reuters) – Paul Tucker, the long-time favourite to become the next Bank of England chief, was quick to brand the Libor rate-rigging scandal “a cesspit” earlier this week — but the twists and turns of the saga have left doubts about whether he will now get the top job.

A gruelling parliamentary inquiry into the scandal gripping the City of London didn’t deal a mortal blow to the deputy governor’s chances of succeeding Governor Mervyn King. But it has shortened the odds on an outside appointment because the central bank, on top of its main monetary policy mandate, is set to become arguably the world’s most powerful regulator.

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