BOE latest4 Sep 2018 21:05
Bank of England Governor Mark Carney said on Tuesday he was ready to extend his time in charge of the central bank to help Britain's economy as it leaves the European Union.
When Carney moved to London from his native Canada in 2013, he agreed to stay at the BoE until 2018. Two years ago, after Britain voted for Brexit, he extended his term by a further year, until June 2019.
That would keep him in his job until shortly after Britain's scheduled exit from the EU in March next year. But London and Brussels have not yet agreed the terms of their future relationship, raising the prospect of a damaging Brexit.
"Even though I have already agreed to extend my time to support a smooth Brexit, I am willing to do whatever else I can in order to promote both a smooth Brexit and an effective transition at the Bank of England," Carney told lawmakers on parliament's Treasury Committee.
"The Chancellor (finance minister Philip Hammond) and I have discussed this. I would expect an announcement to be made in due course