Carney 'willing' to stay on as Bank of England governor post-Brexit

Remains Treasury's decision

Tom Eckett
clock • 2 min read

Mark Carney has indicated he is prepared to stay on as Bank of England governor in order to ensure a "smooth Brexit" and an "effective transition" at the UK's central bank.

During a meeting with the Treasury Select Committee on Tuesday, Carney confirmed he has been in discussions with Chancellor Philip Hammond about extending his term although he also noted the decision rested with the government. He added he expected a conclusion to be made "relatively soon" in order to remove any uncertainty. Carney commented: "I fully recognise during this critical period, it is important everyone does everything they can to help with the transition of exiting the European Union. I am willing to do whatever I can in order to promote both a smooth Brexit and an effecti...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read
More work needed to tackle inflation as BoE members warn of further market turmoil

More work needed to tackle inflation as BoE members warn of further market turmoil

BoE MPC members spoke at Treasury Committee hearing

Sorin Dojan
clock 06 March 2025 • 2 min read