The current Bank of England Governor Mark Carney has agreed to stay in his current role until the end of January 2020.
“The extension was agreed in an exchange of letters between the Governor and the Chancellor (U.K. finance minister) published this morning,” the government said in a statement Tuesday. The governor had been due to step down at the end of June 2019 — just two months after the March 29 deadline for the U.K.’s departure from the European Union.
In his letter to Finance Minister Philip Hammond, Carney appreciated the support from the prime minister and expressed his willingness to do whatever it takes to facilitate a smooth Brexit.
