The governor of the Bank of England is indeed not democratically elected, and people do criticize that fact. I'm one of them!
But people certainly do know how that position is selected, by whom and for what reason. The current governor of the BoE has a long history of running government financial institutions, including in the central bank itself. He is a civil servant and is thus picked by the Chancellor, who is himself picked by the Prime Minister. No mysteries there. He is eminently qualified for the role.
On 3 June 2019, it was reported in The Times that Bailey was the favourite to replace Mark Carney as the new governor of the Bank of England.[9] Sajid Javid had also intervened in support of Bailey.[10][11] According to The Economist: "He is widely seen within the bank as a safe pair of hands, an experienced technocrat who knows how to manage an organisation."[12]
Previously he served as the Chief Cashier of the Bank of England under Mervyn King from January 2004 until April 2011, Deputy Governor of the Bank of England for Prudential Regulation under Mark Carney from April 2013 to July 2016 and Chief Executive of the Financial Conduct Authority from 2016 to 2020.
But people certainly do know how that position is selected, by whom and for what reason. The current governor of the BoE has a long history of running government financial institutions, including in the central bank itself. He is a civil servant and is thus picked by the Chancellor, who is himself picked by the Prime Minister. No mysteries there. He is eminently qualified for the role.
On 3 June 2019, it was reported in The Times that Bailey was the favourite to replace Mark Carney as the new governor of the Bank of England.[9] Sajid Javid had also intervened in support of Bailey.[10][11] According to The Economist: "He is widely seen within the bank as a safe pair of hands, an experienced technocrat who knows how to manage an organisation."[12]
Previously he served as the Chief Cashier of the Bank of England under Mervyn King from January 2004 until April 2011, Deputy Governor of the Bank of England for Prudential Regulation under Mark Carney from April 2013 to July 2016 and Chief Executive of the Financial Conduct Authority from 2016 to 2020.
https://en.wikipedia.org/wiki/Andrew_Bailey_(banker)