The FT has reported that Mark Carney is expected to extend his stay as governor of the Bank of England until 2020, after Theresa May backed a plan to maintain stability at the central bank through the turbulence of Brexit.
“Mr Carney told MPs on Tuesday that he would be willing to stay as governor of the BoE beyond his planned exit at the end of June 2019 to help the Brexit process as well as the transition to a new governor,” the article read.
Overnight, BoE Governor Carney was testifying to lawmakers but little was revealed from a policy perspective.
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