Carney agrees seven-month extension to term

Bank of England governor Mark Carney
Mark Carney
Policy Exchange/Flickr

Mark Carney has agreed to add a further seven months to his governorship of the Bank of England, extending his stay but still not to the eight years laid down in the central bank law.

In a statement today (September 11), the UK Treasury said Carney would remain in his post until January 31, 2020, with the aim of ensuring a degree of continuity as the UK adjusts to its departure from the European Union.

Carney originally agreed to a five-year term, despite the Bank of England Act’s stipulation

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