BoE's Carney says decision to stay to 2019 was 'relatively straightforward'

November 3, 2016 1:28 PM EDT

Mark Carney, Governor of the Bank of England speaks during the quarterly Inflation Report press conference at The Bank of England in London, Britain November 3, 2016. REUTERS/Kirsty Wigglesworth

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

LONDON (Reuters) - Bank of England Governor Mark Carney said it was a "relatively straightforward" decision to stay at the central bank an extra year until the end of June 2019, by which point the government hopes Britain will have left the European Union.

"I did feel a responsibility to try to provide some continuity over that time frame, so I'm very pleased to be able to do that," he told Sky News on Thursday.

Carney said on Monday he would remain at the central bank until June 2019. When he started the role in July 2013, he said he only intended to serve five years of a maximum eight-year term, but late last year he said he was reconsidering.

In a news conference earlier on Thursday, Carney declined to comment on whether he would stay at the central bank longer if the process of leaving the EU is delayed.

(Reporting by David Milliken and Adela Suliman, editing by Andy Bruce)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment