Mark Carney extends term as Bank of England governor to steer Britain through Brexit - Creak News

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Mark Carney extends term as Bank of England governor to steer Britain through Brexit

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Mark CarneyReuters/Peter Nicholls

  • Bank of England Governor Mark Carney extends stay in job until January 2020.
  • Carney was previously set to leave his role in June 2019, but has been persuaded to stay on by Chancellor Philip Hammond.
  • His extended stay is down to a desire to ensure continuity at the Bank of England as the UK navigates Brexit.

LONDON — Bank of England Governor Mark Carney has extended his stay as the head of the UK's central bank for an additional seven months, the Treasury announced on Tuesday.

Carney, who was due to step down in June next year, will now stay on as governor until January 2020, the Treasury said.

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