Bank of England Governor Mark Carney said on Monday he will stay in his job for an extra year until the end of June 2019 to help smooth Britain’s departure from the European Union, but he will depart two years short of a full term.
Carney, who has come under heavy criticism from pro-Brexit politicians for warning before June’s referendum of the economic risks of voting to leave the EU, had the option to stay at the Bank until 2021.
But the Canadian decided against serving the full eight years available to him.
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