Bank chief is to go.
He is expected to leave in the autumn after lending support to incoming governor Mark Carney, who will succeed Sir Mervyn King on July 1. Mr Tucker said he planned to spend time in academia in the United States following his departure.
Mr Tucker has faced speculation over his role at the Bank after he lost out to Mr Carney in the race to take over from Sir Mervyn.
He said: "It has been an extraordinary honour to serve at the Bank of England over the past 30 years."