The governor of the Bank of England, Mark Carney, will step down in June 2019 after six years of service. Carney has been a key figure at central banks around the world and is widely seen as an architect of quantitative easing, which was introduced to stimulate economic growth during the financial crisis. Carney has said that he will help to contribute to the “orderly transition to the UK’s new relationship with Europe”. Prime Minister Theresa May and Chancellor Philip Hammond have welcomed Carney’s decision to stay another year, after he faced mounting pressure to announce whether he would stay until 2021.
The governor of the Bank of England, Mark Carney, will step down in June 2019 after six years of service. The usual term for a governor is eight years. Carney has said that he will help to contribute to the “orderly transition to the UK’s new relationship with Europe”. Prime Minister Theresa May and Chancellor Philip Hammond have welcomed Carney’s decision to stay another year, after he faced mounting pressure to announce whether he would stay until 2021.