Carney may stay at BoE for 'smooth' Brexit

Bank of England governor Mark Carney has signalled that he is prepared to extend his tenure in order to promote a "smooth" Brexit.
Speaking to MPs on the Treasury select committee Mr Carney said: "Even though I have already agreed to extend my time to support a smooth Brexit, I am willing to do whatever else I can in order to promote both a smooth Brexit and an effective transition at the Bank of England."Mr Carney confirmed he'd been in talks with the Treasury over extending his tenure, as he pledged to do "whatever" he can to support the UK through the process of leaving the EU in March next year.He said he had discussed staying on beyond his current leaving date of June 2019 with the Chancellor and expects an announcement "in due course".At his appointment in 2013, Mr Carney originally planned to serve just five years of a maximum eight-year term as governor.
But in October 2016 the Canadian national agreed to stay for an extra year, until mid-2019, to see Britain past its expected departure from the European Union.He said: "I fully recognise that during this critical period it's important that everyone does everything they can to help with the transition to exiting the EU.
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His comments follow press speculation that he was in negotiations to stay on until 2020.More follows...
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