Treasury hoping for Carney extension

The Treasury and the Bank of England are in discussions about Mark Carney staying on as governor beyond his present departure date of June 2019.

I understand the Treasury is concerned that trying to find a new governor now, amid Brexit talks, would be difficult.

It wants to be able to give any new candidate a clear view of what the relationship with the EU will be like.

Theresa May’s spokesman said Mr Carney had said he intended to step down next year and that was still the plan.


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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam