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Carney may stay at BoE for 'smooth' Brexit

Carney may stay at BoE for 'smooth' Brexit

Business
Bank of England governor Mark Carney has signalled that he is prepared to extend his tenure following talks with the chancellor. Responding to speculation he could serve beyond June 2019, he told MPs on the Treasury select committee: "Even though I have already agreed to extend my time to support a smooth Brexit, I am willing to do whatever else I can in order to promote both a smooth Brexit and an effective transition at the Bank of England."Mr Carney said he expected an announcement shortly.A spokeswoman for Theresa May responded by saying the prime minister thinks Mark Carney has "done a good job," adding there would be more to say in due course.Mr Carney, who was appointed in 2013, originally planned to serve just five years of a maximum eight-year term as governor. ...