Bank mourns passing of former governor Robin Leigh-Pemberton

The Bank of England's former governor, Robin Leigh-Pemberton, Baron Kingsdown, passed away last night.

The central banker was educated at Eton, then Trinity College, Oxford. He would serve as governor from 1983 to 1993, before which he worked as chairman of National Westminster Bank and of several industrial companies.

Current governor Mark Carney extended "sincere sympathies to Lord Kingsdown's wife and family" on behalf of the Bank and its staff.

Carney said that the former governor had "made a substantial contribution to economic policy and the financial system of the United Kingdom, both in the public and private sector."

In the inaugural LSE Bank of England lecture, Leigh-Pemberton laid out the case for an inflation targeting regime - made policy a month earlier in October 1992.