Carney to Stay at BOE Until June 2019 to Help Address Brexit
- Governor will stay at BOE one year longer than planned
- Aims to help secure ‘orderly transition’ out of European Union
BOE Governor Carney Decides to Stay On Till 2019
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Bank of England Governor Mark Carney will extend his time in office by a year to 2019 to guide the economy through Britain’s split from the European Union.
Choosing a middle path between leaving in 2018 as planned or remaining until 2021 as entitled, Carney said in a letter to Chancellor of the Exchequer Philip Hammond that by staying until June 2019, he will help with an “orderly transition to the U.K.’s new relationship with Europe.”