Bank of England’s Carney may opt to tough it out despite Brexiteer pressure
Despite calls for him not to extend his time at the helm of the Bank of England, Canadian governor Mark Carney could opt to serve a full eight-year term
London — Bank of England governor Mark Carney is reportedly leaning towards deciding to serve a full eight-year term, despite critics calling for him not to extend his time in charge of Britain’s central bank. Carney, under fire from Brexit supporters for his stance in the EU referendum campaign, has said he will announce by the end of the year whether he will take up an option to stay at the Bank until 2021 rather than stick to his current departure date in mid-2018. Carney is due to hold a quarterly BoE news conference on Thursday and could make an announcement then. The Financial Times reported the Canadian, who joined the BoE in 2013, was ready to serve a full eight-year term. The BBC said people close to Carney thought he was leaning towards staying for eight years. Those reports contrasted with others in weekend newspapers that Carney was more likely to announce that he would leave in 2018. The Sunday Times said Carney was unhappy with British Prime Minister Theresa May’s offi...
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