Bank of England governor to stay on to help steer the post-Brexit economy
London — Bank of England (BOE) governor Mark Carney will stay on in his role until January 2020, UK’s chancellor of the exchequer Philip Hammond said. Ending days of mounting speculation, Hammond confirmed to lawmakers on Tuesday that the Canadian, who had been due to step down in June 2019, will extend his term to help steer the UK economy in the wake of Brexit. The decision is likely to prove controversial as Carney’s tenure at the BOE has long drawn both criticism and praise. He was seen as a key source of stability in the political power vacuum that followed the Brexit vote, with one former policy maker calling him the "only adult in the room" for his pledge to support the financial system in the immediate aftermath. He also drew the ire of pro-Brexit lawmakers who believe he waded too far into the political debate, and has been accused of botching messages on policy for most of his time at the bank. Speaking before lawmakers last week, Carney confirmed that he was in talks to r...
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