Brexit persuades BoE chief to extend stay

Brexit persuades BoE chief to extend stay
Another BoE extension for Carney. Pic: Getty

The decision is likely to prove controversial as Mark Carney’s tenure at the Bank of England has long drawn both criticism and praise

Mark Carney has agreed to stay on at the helm of the Bank of England for an additional seven months, extending his stay for a second time to help steer Britain’s economy through Brexit.

Chancellor Philip Hammond ended days of speculation on the governor’s future, telling MPs on Tuesday that the Canadian will not step down as planned in June 2019.

Carney will now remain in office until roughly halfway through a prospective transition...

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