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How long will Carney stay? Bank governor under pressure

by LLB Reporter
31st Oct 16 10:00 am

Could Carney serve the full eight-year term?

The governor of the Bank of England is under pressure as he must decide how much longer he will be in the job.

Over the weekend in some newspapers it was suggested that Carney may stay in the job role until 2018.

The BBC’s economics editor Kamal Ahmed has a different opinion on the story. He told the BBC: “All the people I’ve spoken to, close to Mark Carney, suggest he is more towards staying than leaving,”

In June 2013 when Carney became governor he said he would commit to the role for five years. 

Since that decision though he has brought about the idea of staying on for longer and to complete his full eight-year term.

Carney is set to hold a news conference following the publication of the Bank’s Quarterly Inflation Report later this week and there some speculation as to whether he will make the announcement then.

During the weekend the Bank of England stated that Carney will make a decision by the end of the year.

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