Skip to content
Subscriber Only

May Said to Want Carney to Stay as He Reflects on BOE Role

  • BOE governor says any decision will be for personal reasons
  • Leading Conservative Party members have criticized Carney
Video player cover image

Does Carney's Future Matter to the Pound?

Updated on

As Mark Carney keeps everyone guessing about his intentions, Prime Minister Theresa May is keen for him to stay at the Bank of England and has sought to smooth over misunderstandings, according to officials.

Within hours of May criticizing loose monetary policy in her Conservative Conference speech this month, her office moved to limit the damage by reassuring Carney the words were clumsily expressed, according to two people familiar with the matter. The Treasury -- which wasn’t consulted on the speech -- has since been taking a more active role in the crafting of May’s statements on the economy.