• Wednesday, August 17, 2022

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Bank of England’s Governor to Stay Until 2020 to Support Smooth Brexit

The Governor of the Bank of England, Mark Carney speaks to the Scottish Economics Forum, via a live feed on March 2, 2018 in London, England. (Photo by Peter Nicholls- WPA Pool/Getty Images).

By: Radhakrishna N S

Bank of England Governor Mark Carney will serve for an extra seven months until the end of January 2020 to support Britain’s smooth exist from European Union, according to the statement from Chancellor Philip Hammond on Tuesday (11). Following a request from the chancellor, the governor expressed his desire to serve until January 2020. Carney was scheduled to depart as Governor at the end of June 2019 having extended his tenure by a year already to support Britain during the initial period after Brexit. “I recognise that during this critical period, it is important that everyone does everything they can…

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