Uncertainty over BoE governor’s fate post
MEDIA speculation is divided on the fate of the governor of the Bank of England, Mark Carney, with competing claims as to whether he is set to announce his departure amid Brexit tensions.
The Canadian is on a five-year contract that expires in 2018 but has an option to extend the job until 2021, a decision the central bank has said will be made public by the end of this year.
Reports suggest Mr Carney will not take up the option to stay on, with the Sunday Times newspaper saying he was “disillusioned” with Prime Minister Theresa May’s Conservative government.
Mr Carney has been criticised by eurosceptic Conservatives for his warnings of the economic impact of Brexit before the June referendum vote to leave the European Union.
But following speculation Mr Carney would be out the door in 2018, the Financial Times reported the governor is “said to be leaning strongly towards staying in his post” until 2021.
“Friends say Mr Carney is determined to defend the Bank of England’s independence in the face of a sustained attack by Brexiters,” the newspaper reported.
The BoE declined to comment on the speculation that Mr Carney may announce his decision as soon as November 3. –